BablaKanchan BablaKanchan

17-05-2022
Mathematics

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9. Use the compound-interest formula to find the account balance A, where P is principal, r is interest rate, n is number of compounding periods per year, t is time, in years, and A is account balance.

9 Use the compoundinterest formula to find the account balance A where P is principal r is interest rate n is number of compounding periods per year t is time i class=

Respuesta :

versacci24 versacci24

17-05-2022

Answer:

$18019.37

Step-by-step explanation:

[tex]A = 12,385(1 + \frac{0.075}{365})^{365(5)}\\[/tex]

≈ $18019.37

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