Ask your own question, for FREE!
Mathematics 21 Online
OpenStudy (anonymous):

Compound Interest What is the accumelated amout if $500 is invested at 4.3% per annum compounded annually for 6 years? Please show work and explain. Thanks.

OpenStudy (anonymous):

\[A=P(1+r)^n\] http://math.about.com/library/weekly/aa042002a.htm

OpenStudy (anonymous):

\[A=500(1+0.043)^6\]

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!