From everyday questions to specialized queries, IDNLearn.com has the answers. Our community is ready to provide in-depth answers and practical solutions to any questions you may have.
If $5.000 is invested at a rate of 8%, compounded weekly, find the value of the investment after 7 years.
P: the principal, the amount invested A: the new balance t: the time r: the rate, (in decimal form) Ex1: If $1000 is invested now with simple interest of 8% per year. Find the new amount after two years. P = $1000, t = 2 years, r = 0.08. A = 1000(1+0.08(2)) = 1000(1.16) = 1160 i found this online
Your engagement is important to us. Keep sharing your knowledge and experiences. Let's create a learning environment that is both enjoyable and beneficial. IDNLearn.com is your reliable source for answers. We appreciate your visit and look forward to assisting you again soon.
