##### Algebra question "I'm lost"

 Algebra Tutor: None Selected Time limit: 1 Day

Suppose that \$8500 is placed in an account that pays 19%  interest compounded each year. Assume that no withdrawals are made from the account. Do not do any rounding.

(a) Find the amount in the account at the end of 1 year?

(b) Find the amount in the account at the end of 2 year?

Aug 30th, 2015

A = P(1+r)^t

a) P = 8500 , r = 19%  or 0.19   t = 1

substituting we get A = 8500 *(1+0.19)^1 = 8500*1.19 = 10115  (answer)

b) P = 8500 , r = 19%  or 0.19  t = 2

substituting we get A = 8500 *(1+0.19)^2 = 8500*1.19^2  = 8500*1.4161 = 12036.85  (answer)

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Dear Student : I would be glad to complete your online assignments/classes of math, physics, mechanics, statistics, calculus etc. Inbox me if you are interested !!! I always deliver quality work in time.
Aug 30th, 2015

thanks

Aug 30th, 2015

I have another one for you if you can help

Aug 30th, 2015

Ryan deposited \$4000 into an account with 2.1%interest, compounded semiannually. Assuming that no withdrawals are made, how much will he have in the account after 3 years? Do not round any intermediate computations, and round your answer to the nearest cent.

Aug 30th, 2015

I came up with a=4258.70834237

final: 4258.71

Aug 30th, 2015

Semiannually mean rate will become half and time will be double

you may give me chance to complete your online assignements

Aug 30th, 2015

please go through my completed works at

I am sure you will appriciate my quality work !!

Aug 30th, 2015

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Aug 30th, 2015
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Aug 30th, 2015
May 25th, 2017
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