Ask Question
29 March, 16:26

Suppose that

$8500

is placed in an account that pays

11%

interest compounded each year. Assume that no withdrawals are made from the account.

+3
Answers (1)
  1. 29 March, 20:20
    0
    You can use the equation P (1 + (n/t)) ^ (n) to find the amount after time (t), given the starting amount (P) and the number of times compounded (n)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Suppose that $8500 is placed in an account that pays 11% interest compounded each year. Assume that no withdrawals are made from 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