algebra 2

If $8,500 is deposited in a compound interest account paying 3.9% interest annually, how much will be in the account after 12 years?

  1. 👍 0
  2. 👎 0
  3. 👁 165
asked by Jasmine
  1. Use
    A = PRn
    A=future amount
    P=principal (present value)
    R=rate of interest, 1.08 for 8%
    n=number of periods, number of years if the interest rate is compounded yearly.

    1. 👍 0
    2. 👎 0
    posted by MathMate
  2. i got 1.052432401^11 but i doubt its right because i suck at math and i came on this site looking for this answr but noooo t made me answr it for whoever you are.:(

    1. 👍 0
    2. 👎 0

Respond to this Question

First Name

Your Response

Similar Questions

  1. algebra2 HELP PLEASE

    If $8,500 is deposited in a compound interest account paying 3.9% interest annually, how much will be in the account after 12 years? round to the nearest cent.

    asked by 26kllt on July 7, 2012
  2. algebra ll HELP PLEASE

    If $8,500 is deposited in a compound interest account paying 3.9% interest annually, how much will be in the account after 12 years? Round your answer to the nearest cent.

    asked by leo on July 6, 2012
  3. algebra

    If $8,500 is deposited in a compound interest account paying 3.9% interest annually, how much will be in the account after 12 years?

    asked by Anonymous on March 29, 2012
  4. Math

    Please check my work, thank you If $7,800 is deposited into an account paying 6% interest compounded annually (at the end of each year), how much money is in the account after 2 years? A=$8,268.00 Rewrite the statement, using

    asked by Terry B on April 6, 2008
  5. Math

    Compound interest is a type of exponential growth. Now imagine that Lisa and Elicia each opened a new compound interest account. Lisa deposited $20,000 into her compound interest account. Elicia deposited $15,000 into her compound

    asked by Jakis on March 8, 2017
  6. Algebra

    Show how you substitute the values into the formula, then use your calculator. *Use A = P(1+r/n)nt to find the amount of money in an account after t years, compounded n times per year. *Use I = Prt to find the amount of simple

    asked by Sylvie on February 3, 2013
  7. Lat math question for some days. Can y'all help?

    Huan deposited $850 into a college savings account earning 4.8% interest compounded annually. He also deposited $850 into a second account earning 4.8% simple interest. He made no additional deposits. After 10 years, which account

    asked by DerpyPegasus33 on December 9, 2014
  8. math

    Huan deposited $850 into a collegesavings account earning 4.8% interestcompounded annually. He also deposited$850 into a second account earning 4.8%simple interest. He made no additionaldeposits. After 10 years, which account

    asked by mr.E on November 17, 2014
  9. Finance

    . (TCO 3) Mark deposited $1,000 today, in an account that pays eight percent interest, compounded semi-annually. Which one of the following statements is correct concerning this investment? (Points : 3) Mark will earn more

    asked by Anonymous on January 28, 2012
  10. MATH HELP! Complex Interest

    Huan deposited $850 into a collegesavings account earning 4.8% interestcompounded annually. He also deposited$850 into a second account earning 4.8%simple interest. He made no additionaldeposits. After 10 years, which account

    asked by DerpyPegasus33 on December 9, 2014

More Similar Questions