Math, asked by sharmahonnesha, 13 days ago

(b) Six years ago the farmer invested $3750 at a rate of 4% per year compound interest.
(1) Calculate the total value of his investment after the 6 years.
Give your answer correct to the nearest dollar.​

Answers

Answered by 2014407shivam
0

Answer:

CI=$812.44

Step-by-step explanation:

P=$3750

R=4%

T=6 YEARS

A=P(1+R/100)^n

A=3750(1+4/100)^6

A=$4,562.44

CI=A-P

CI=4562.44-3750

CI=$812.44  

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