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OpenStudy (anonymous):
A man invests $6,900 at 6.25% interest, compounded monthly. How much is his account worth after 7 years? Can someone please answer this!
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OpenStudy (anonymous):
remember the compound interest formula P =6900 r=0.0625 n=12 t=7
OpenStudy (anonymous):
I dont know
OpenStudy (anonymous):
????? u dont know whaT? what exactly u dont get?
OpenStudy (anonymous):
I do not know the formula
OpenStudy (anonymous):
\[P* 1//(1+r)^(n*t)\]
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