aaleahadamson aaleahadamson

23-02-2021
Mathematics

contestada

How much would $500 invested at 7% interest compounded annually be
worth after 4 years? Round your answer to the nearest cent.
nt
A(t)=P(1+r/n)^nt

A.$535.93
B.$661.56
C.$655.40
D.$640.00

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Respuesta :

mya3517 mya3517

23-02-2021

answer:B
hope this helps !

Answer Link

bugscochran bugscochran

23-02-2021

Answer:

655.40

Step-by-step explanation:

500/100=5

5*7=35

535/100=5.35

5.35*7=37.45

Then you do that 2 more times

Answer Link

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