Ask Question
27 July, 08:56

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

+4
Answers (1)
  1. 27 July, 09:49
    0
    A = 500000 (1.04) ^5

    A = 500000*1.2166529

    A = $608,326.45, so guess it's c
Know the Answer?
Not Sure About the Answer?
Get an answer to your 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 ...” 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