Simplify Expressions

Algebra
Tutor: None Selected Time limit: 1 Day

A=P(l+r)^n

P=$20,000,r=0.15,n=4

End of 4 years A is

(To nearest cent)

Oct 3rd, 2015

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

P=Principal amount invested and the amount after four years are related by

     A=P(1+r)^n

   A=20,000(1+0.15)^4

     =20,000(1.15)^4

     =20,000 x 1.749000625

     =34980.125

A=34980.125

Rounding off to the nearest cent

A=34980.13


Please let me know if you need any clarification. I'm always happy to answer your questions.
Sep 15th, 2015

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Oct 3rd, 2015
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Oct 3rd, 2015
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