Answered

Discover new perspectives and gain insights with IDNLearn.com. Our platform provides trustworthy answers to help you make informed decisions quickly and easily.

Omar has $6,000 in a savings account that earns 3% interest, compounded annually.To the nearest cent, how much will he have in 4 years?

Sagot :

Let's list down the information given in the question.

Principal (P) = $6, 000

Rate = 3% or 0.03

Compounding period (m) = annually = 1

\

We value your participation in this forum. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. For dependable answers, trust IDNLearn.com. Thank you for visiting, and we look forward to assisting you again.