contestada

suppose that $ 8500 is places in an account that pays 9% interest compounded each year. Assume that no withdrawals are made from the account. find the amount in the account at end of 1 year?

Respuesta :

The Answer is $9265

8500 x 0.09= 765
765+8500=9265
A=p(1+r)^t
A=8,500×(1+0.09)
A=9,265