Sagot :
Answer:
$4,600/4,631
Step-by-step explanation:
First, converting Rate(R) percent to r a decimal
r = R/100 = 5%/100 = 0.05 per year.
Solving our equation:
A = 4000(1 + (0.05 × 3)) = 11937.5
A = $4,600
Answer:
$4,600/4,631
Step-by-step explanation:
First, converting Rate(R) percent to r a decimal
r = R/100 = 5%/100 = 0.05 per year.
Solving our equation:
A = 4000(1 + (0.05 × 3)) = 11937.5
A = $4,600