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9. Use the​ compound-interest formula to find the account balance​ A, where P is​ principal, r is interest​ rate, n is number of compounding periods per​ year, t is​ time, in​ years, and A is account balance.

9 Use the compoundinterest formula to find the account balance A where P is principal r is interest rate n is number of compounding periods per year t is time i class=

Respuesta :

versacci24

Answer:

$18019.37

Step-by-step explanation:

[tex]A = 12,385(1 + \frac{0.075}{365})^{365(5)}\\[/tex]

≈ $18019.37

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