In the formula A = P(1 + r)t, P is the principal, r is the annual rate of interest and A is the amount after t years. An account earning in

Question

In the formula A = P(1 + r)t, P is the principal, r is the annual rate of interest and A is the amount after t years. An account earning interest at a rate of 4% has a principal of $500,000. If no more deposits or withdrawals are made, about how much money will be in the account after five years? Group of answer choices $620,700 $575,000 $705,200 $608,300

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Adalynn 1 week 2021-09-12T11:47:23+00:00 1 Answer 0

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    2021-09-12T11:49:17+00:00

    Answer:  

    A = 500000(1.04)^5

    A = 500000*1.2166529

    A = $608,326.45, so guess it’s c  

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45:7+7-4:2-5:5*4+35:2 =? ( )