$2700 is compounded annually at a rate of 12% for 1 year. the formula for compound interest can be found on the formula sheet. it is a=p(1+r/n)^n+t first, determine the value for each variable: p = r = - (remember to convert the percentage to a decimal.) n = - (how many times per year is the interest compounded if it is compounded annually?) t = use the vaules above and the compound interest formula to fnd the total amount in the compound interest account. $ - (round to the nearest cent.)
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Category: biomedicalengineering |
Author: Selma Yafa
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