Question
jeff invested $3000 in an account that earns 6.5% intresest , compounded annually. the formula for compound intrest is A(t)=P(1+l)^t
Answers
Reiny
You did not state a question, but I assume you want to find the amount.
you have P = 3000
i = .065
t = ???? (you did not give me that)
so just replace the t in
amount = 3000(1.065)^t , evaluate and you are done.
you have P = 3000
i = .065
t = ???? (you did not give me that)
so just replace the t in
amount = 3000(1.065)^t , evaluate and you are done.
Ms. Sue
Do you have a question?