hat is the total amount on deposit at the end of 6 years, what is the interset

Calculus
Tutor: None Selected Time limit: 1 Day

Jul 9th, 2015

Thank you for the opportunity to help you with your question!

A = P(1 + rt)

A=31000(1+0.08*6)

A= 45880

so total amount at the end of 6 years is $45880 now total interest earned is:

A-P= 45880-31000=14880

Please let me know if you need any clarification. I'm always happy to answer your questions.
Jul 9th, 2015

hi i am unclear as to what your answer is 

Jul 9th, 2015

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