Simplify Expressions

Algebra
Tutor: None Selected Time limit: 1 Day

Use the formula for compound interest to find A.

A= P (l+r)^n

P=$20,000,r=0.13,n=4 years

At the end of 4 years, A is _

Round to the nearest cent. 

Oct 3rd, 2015

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

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P=$20,000

r=0.13

n=4 years

Substitute the given values in the equation.



ANSWER:  $20,005.71

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Please let me know if you need any clarification. I'm always happy to answer your questions.
Sep 21st, 2015

Sorry there is a mistake in the solution. I shall submit the correct solution now.

Sep 21st, 2015

where is the correct solution?

Sep 21st, 2015

This is the correct answer.

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P=$20,000

r=0.13

n=4 years

Substitute the given values in the equation.



ANSWER:  A = $32,609.47

Sep 21st, 2015

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Oct 3rd, 2015
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Oct 3rd, 2015
Dec 8th, 2016
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