Find the amount accumulated after investing a principle P for t years and an interest rate compounded annually. P = $1,500 r = 5% t = 15 Hint: A = P(1+)kt A = $[?] Round your answer to the nearest cent (hundredth)
Find the amount accumulated after investing a principle P for t years and an interest rate compounded annually. P = $1,500 r = 5% t = 15 Hint: A = P(1+)kt A = $[?] Round your answer to the nearest cent (hundredth)
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.3: The Natural Exponential Function
Problem 9E
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