recodpete1014 recodpete1014

13-04-2021
Mathematics

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help put the work plzzzz

help put the work plzzzz class=

Respuesta :

emily000090 emily000090

13-04-2021

$‭4,774.64‬
Step-by-step explanation:
The amount after 10 years assuming 7.5% compound interest is:
= Amount * ( 1 + rate) ^ no. of years
= 4,500 * ( 1 + 7.5%)¹⁰
= $9,274.64
The accumulated interest is:
= Amount after 10 years - Present amount
= 9,274.64 - 4,500
= $‭4,774.64

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