Rob invests $3,715 in a retirement account
with a fixed annual interest rate of 9%
compounded 3 times per year. What will
the account balance be after 15 years?

$14,048.62

Step-by-step explanation:

The interest is 9% per year and compounded 3 times a year, so each compound will be 9%/3 = 3%

The time elapsed will be 15 years and the interest compounded 3 times a year, so the number of compounds happens will be = 15 years* 3 compounds/year= 45x compound.

So basically the money will get 3% interest 45 times. To put into the compounding interest formula, the final account balance will be:

A = P (1 + [ r / n ]) ^ nt

A= amount of the balance after a period of t

P= principal, the initial money deposit( $3,715)

r= rate(9%)

n= number of compound per unit of time(3 times per year)

t= time(15 years)

The calculation will be:

A = P (1 + [ r / n ]) ^ nt

A =

A = $14,048.62

step-by-step explanation:

if you want to solve percent error follow these steps.

1. subtract the accepted value from the experimental value.

2. take the absolute value of step 1.

3. divide that answer by the accepted value.

4. multiply that answer by 100 and add the % symbol to express the answer as a percentage.

if you want to solve percent of change just do this.

1. work out the difference (increase) between the two numbers you are comparing.

2. divide the increase by the original number and multiply the answer by 100. if your answer is a negative number then this is a percentage decrease.

hope this : )

900 degrees

step-by-step explanation: