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Nataliya
3 months ago
10

Parker invested $7,800 in an account

Mathematics
1 answer:
Svet_ta [12.7K]3 months ago
4 0

Response:

A= $9389

Detailed breakdown:

A=P\cdot \left(1+\frac{r}{n}\right)^{nt}

P=7800

r=1.7

t=11

A=7800\left(1+\frac{1.7\%\:}{1}\right)^{1\cdot \:11}

1.7\%\: = 0.017

A=7800\left(1+0.017\right)^{1\cdot \:11}

A=7800\cdot \:1.017^{11}

A=7800\cdot \:1.20373\dots

A=9389.12421\dots

A= $9389

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