The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate. Principal Compounded Rate Time $7000 4% annually 3 years A. Find how much money there will be in the account after the given number of years. B. Find the interest earned. A Click the icon to view some finance formulas. Formulas A. The amount of money in the account after 3 years is $ (Round to the nearest hundredth as needed.) In the provided formulas, A is the balance in the account after t years, P is the principal investment, r is the annual interest rate in decimal form, n is the number of compounding periods per year, and Y is the investment's effective annual yield in decimal form. A -1 nt 14 Help me solve this View an example Ge Print Done ck answer
The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate. Principal Compounded Rate Time $7000 4% annually 3 years A. Find how much money there will be in the account after the given number of years. B. Find the interest earned. A Click the icon to view some finance formulas. Formulas A. The amount of money in the account after 3 years is $ (Round to the nearest hundredth as needed.) In the provided formulas, A is the balance in the account after t years, P is the principal investment, r is the annual interest rate in decimal form, n is the number of compounding periods per year, and Y is the investment's effective annual yield in decimal form. A -1 nt 14 Help me solve this View an example Ge Print Done ck answer
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section: Chapter Questions
Problem 13CST
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