2 years ago

PLEASE HELP!!! Jeanie is 21 years old. She opens an account that pays 3.9% interest compounded monthly. She

Mathematics

1 answer:

Harlamova29_29 [7]2 years ago

6 0

Answer:

$11,170

Step-by-step explanation:

First you convert the percentage to decimal form out of 100 (which you divide)

3.9%/100 = 0.039

A = P(1 + rt)

A = 10000(1 + 0.039 * 3) ( * = multiplication)

I = $11,170 - 10,000 = $1,170

Which you should get $1,170.00 or $1,170 (which is pretty much the same thing)

Hope this helps!

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