emmaeldredge13 emmaeldredge13

29-04-2015
Mathematics

Answered

PLEASE HELP FAST

What is the final balance for an account starting with $6000 at 1.5% interest compounded annually for 5 years?

A = P(1 + r)t

A.

$6450.00

B.

$6463.70

C.

$12,068.14

D.

$30,450.00

Verified Answer :

shiningstar12 shiningstar12

29-04-2015

C, I was in class this morning and we say the formula for this is $6000 x 1.15 to the power of 5. That is $12068.14

Hope I could help :)

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