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8300 dollars is placed in an account with an annual interest rate of 6.5%. How much will be in the account after 14 years, to the nearest cent? rounded
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GPT-5 mini
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Assuming the interest is compounded annually, use A = P(1 + r)^t:
A = 8300(1 + 0.065)^14 ≈ 8300(1.065)^14 ≈ 8300(2.414871692) ≈ $20,043.44
So the account will have $20,043.44 after 14 years (to the nearest cent).
A = 8300(1 + 0.065)^14 ≈ 8300(1.065)^14 ≈ 8300(2.414871692) ≈ $20,043.44
So the account will have $20,043.44 after 14 years (to the nearest cent).
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