Mathematics

Anton Gates

30 April, 23:10

The amount of money, A, accrued at the end of n years when a certain amount, P, is invested at a compound annual rate, r, is given by the equation A = P (1+r) n. When Joseph invests $500 in an account that pays 9% interest compounded annually, what is Joe's approximate balance after 7 years? Question 9 options: a) $258.38 b) $3815.00 c) $914.02 d) $932.54

+4

Answers (1)

Know the Answer?

Not Sure About the Answer?

Get an answer to your question ✅ “The amount of money, A, accrued at the end of n years when a certain amount, P, is invested at a compound annual rate, r, is given by the ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.

Search for Other Answers

You Might be Interested in

Cara computes the mean and variance for the set 87, 46, 90, 78, and 89. She finds the mean to be 78. Her steps for finding the variance are shown below.

Look at the following number sequence. 6, 9, 12, 15,. Based on the pattern, what are the next two terms? 16, 19 21, 24 18, 21 18, 135

A man was found murdered on Sunday morning ... ? A man was found murdered on Sunday morning. His wife immediately called the police. The police questioned the wife and staff and got these alibis: The Wife said she was sleeping.

The sum of three numbers is 99. The first number is 9 more than the third. The second number is 4 times the third. What are the numbers?

We flip a fair coin 10 times. what is the probability that we get heads in at least 6 of the 10 flips?

New Questions in Mathematics

What percent of 150 equals 24.9

Raul wants to buy a new collar for each of his 3 cats. The collars come in a choice of 4 different colors. Step 2 of 2 : How many selections of collars are possible if repetitions of colors are not allowed

Need to find the side lengths for a triangle with sides a=2a, b = 3a, c = 17. need to solve for variable a and not sure how.

Which inequality has no solution? 6 (x+2) > x-3 3+4x<2 (1+2x) -2 (x+6) < x-20 x-9 < 3 (x-3)

Every cupcake Jake bakes weighs 0.45 pounds how much will a box of 100 Cupcakes weigh