kylievo kylievo
  • 19-05-2022
  • Mathematics
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Michael is investing $2500 at his bank. The savings account he chooses earns interest at a rate of 6%
annually. How much is in the account after four years?

Respuesta :

Аноним Аноним
  • 20-05-2022

So

  • P=2500
  • R=6%
  • T=4years

Interest

  • I=PRT/100
  • I=2500(6)(4)/100
  • I=25(24)=$600

Amount

  • 2500+600
  • $3100
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