Question

help and explain your answer

For the investment with interest compounded annually, find the final balance using the formula A = P(1 + r)t

$36,000 for 4.5 years at 3%

A.
$37,080.00

B.
$40,860.00

C.
$41,121.60

D.
$117,232.38

Answer 1

@Puahina please help me

Answer 2

Just a minute....

Answer 3

ok and thanx for the medal

Answer 4

by using the formula... A = P(1 + r)*t
here p= $36,000
time= 4.5 years
rate= 3%

putting all values in equation... we get...
A=36000*(1+3%)^4.5
A=36000*(1+3/100)^4.5... take lcm inside the brackets here... ok...
A=36000*(100+3/100)^4.5
A=36000*(103/100)^4.5
A=36000*(1.03)^4.5.... now resolve the issue of power here...
A=36000*(1.142266687)
A=41121.60$... @lululife

Answer 5

@paki u answered my question so late i already took the test and i failed sadly and im retaking it so thanx anyways

Answer 6

oh.... it mean you were cheating... :-) by the way, i was no calculator and found it very late... and best of luck... @lululife

Answer 7

what im not cheating i needing help on how to do this and you can take the test three times its diffrent quetions '.....' how am i cheating i wanted someone to help me on that question but no one helped me in like26 minutes so i got 2 wrong and failed and im re taking it why are u smiling when u said i cheated its a litttle creepy ......... @Paki

Answer 8

@lululife oh dear, i was just kidding... grow up... if you mind it, then sorry...

Answer 9

didnt seem like it and sorry i took it so seriously im kinda childish sorry again @paki

Answer 10

ahhh its ok.... keep smiling.... @lululife