Ask Question
19 May, 08:02

Suppose Alonzo places $ 3500 in an account that pays 17 % interest compounded each year. Assume that no withdrawals are made from the account

+2
Answers (1)
  1. 19 May, 09:05
    0
    Are you trying to find how much money he gets after a year?

    If so, you set up A = P (1+r) ^t which would be 3500 (1.17) ^1 which is $4095
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Suppose Alonzo places $ 3500 in an account that pays 17 % interest compounded each year. Assume that no withdrawals are made from the ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers