Mathematics, 28.01.2021 04:50 fseftrwer4378
Pre-calc
Martin puts $300.00 into an account to use for school expenses. The account earns 6% interest, compounded annually. How much will be in the account after 6 years?
Use the formula A=P1+
r
n
nt, where A is the balance (final amount), P is the principal (starting amount), r is the interest rate expressed as a decimal, n is the number of times per year that the interest is compounded, and t is the time in years.
Round your answer to the nearest cent.
Answers: 2
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Pre-calc
Martin puts $300.00 into an account to use for school expenses. The account earns 6% inter...
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