Use the compound-interest formula to find the account balance A, where P is principal, r is interest rate, n is number of compounding periods per year, t is time, in years, and A is account balance. P compounded t r 1 $53,530 95% Quarterly 22 The account balance is approximately $67691.85 (Simplify your answer. Type an integer or decimal rounded to two decimal places as needed.)

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
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Use the compound-interest formula to find the account balance A, where P is principal, r is interest rate, n is number of compounding periods per year, t is time, in years, and A is account balance.
P
r
compounded
t
1
$53,530 9-%
Quarterly
2-=72
2
The account balance is approximately $67691.85
(Simplify your answer. Type an integer or decimal rounded to two decimal places as needed.)
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Transcribed Image Text:Use the compound-interest formula to find the account balance A, where P is principal, r is interest rate, n is number of compounding periods per year, t is time, in years, and A is account balance. P r compounded t 1 $53,530 9-% Quarterly 2-=72 2 The account balance is approximately $67691.85 (Simplify your answer. Type an integer or decimal rounded to two decimal places as needed.) force quit -0- 80 DII J F3 F8 bi te gus esc par FO F1 19 2 F2 fullscreen shot 3 Screen- shat for selected $ 4 a F4 % 5 F5 A 66 F6 & 7 F7 8 F9 F10 F11 F12
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