agonzales68 agonzales68
  • 12-05-2020
  • Mathematics
contestada

A principal of $4900 is invested at 3.5% interest, compounded annually. How much will the investment be worth after 15 years?

Respuesta :

gabiux0616
gabiux0616 gabiux0616
  • 12-05-2020

Answer:

25725

Step-by-step explanation:

Well, I decided to multiply 4900 by .35 because we turn 3.5% into .35, then I got 1715. I got 1715 and multiplied it with 15, with a result of 25725.

I hope I helped and sorry if I'm wrong. :)

Answer Link
thisisforschoolplshe
thisisforschoolplshe thisisforschoolplshe
  • 12-05-2020

Answer:

$2572.50

Step-by-step explanation:

This is because the formula for simple interest is p x r x t.

You would do 4,900 x 3.5% x 15, which equals 2572.5.

That would give you the simple interest of the investment.

Answer Link

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