Ask Question
Today, 17:06

Holly deposited $10,000 in an investment account. After 6 years the account is worth approximately $13,400. Which formula represents the value of the account after t years?

+4
Answers (1)
  1. Today, 19:38
    0
    A=p (1+r) ^t

    13400=10000 (1+r) ^6

    Solve to find the interest rate

    r = ((13,400:10,000) ^ (1:6) - 1) * 100

    r=4.99%=5%
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Holly deposited $10,000 in an investment account. After 6 years the account is worth approximately $13,400. Which formula represents 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