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Mathematics 9 Online
OpenStudy (anonymous):

question about interest... attached below... will medal

OpenStudy (anonymous):

OpenStudy (anonymous):

@Nnesha @Michele_Laino @ganeshie8

OpenStudy (anonymous):

@pooja195

OpenStudy (anonymous):

@Nnesha

Nnesha (nnesha):

formula to solve \[\huge\rm A=P(1+\frac{ r }{ n})^t\] where `P`-principal starting balance `t`- time `r`-interest rate (we need in decimalso divide r by 100) `n`= number of compounded per year ( for compounded annually replace n with 1)

Nnesha (nnesha):

substitute p ,r n t solve for A

OpenStudy (anonymous):

so would it be $3,696.00

Nnesha (nnesha):

`correction` \[\huge\rm A=P(1+\frac{ r }{ n})^{nt}\] where `P`-principal starting balance `t`- time `r`-interest rate (we need in decimalso divide r by 100) `n`= number of compounded per year ( for compounded annually replace n with 1)

Nnesha (nnesha):

i didn't get that answer hmm

Nnesha (nnesha):

try again plz

OpenStudy (anonymous):

$3,712.05

Nnesha (nnesha):

show your steps what did you type into the calculator ?

OpenStudy (anonymous):

you can get really good interest calculators at here http://www.calculatorsoup.com/calculators/financial/ they helped me out a lot. They also tell you the equations to use.

OpenStudy (anonymous):

$ 3,574.37

Nnesha (nnesha):

\(\color{blue}{\text{Originally Posted by}}\) @Nnesha show your steps what did you type into the calculator ? \(\color{blue}{\text{End of Quote}}\) ^

OpenStudy (anonymous):

i didnt do it in my calc i just need u to check my answer

Nnesha (nnesha):

what's your answer ? i gave you the formula just plug in the numbers and use calculator why wasting ur time ? use the calculator instead posing answer choices

Nnesha (nnesha):

posting*

OpenStudy (anonymous):

$ 3,574.37

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