Simplify Expressions

label Algebra
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

A=P(l+r)^n

P=$20,000, r=0.11,n=4 years

End of 4 years, A is 

round to nearest cent

Oct 3rd, 2015

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

For this problem, you can plug in the given values into the equation, then simplify.

A=P(1+r)^n

A=20000*(1+0.11)^4

Simplify what's in the parentheses first.

A=20000*(1.11)^4

Now the exponent

A=20000*1.51807041

Now multiply

A = $30,361.41



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

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