Mathematics, 28.07.2019 09:00 ryevins3
An accountant pays 8% per year simple intrest, in year 1 the amount in the account is $850 how much is the account in year 6?
Answers: 2
![\bf ~~~~~~ \textit{Simple Interest Earned Amount}\\\\ A=P(1+rt)\qquad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\to& \$850\\ r=rate\to 8\%\to \frac{8}{100}\to &0.08\\ t=years\to &5 \end{cases} \\\\\\ A=850[1+0.08(5)]\implies A=850(1.4)](/tpl/images/0142/2725/e77e1.png)
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An accountant pays 8% per year simple intrest, in year 1 the amount in the account is $850 how much...
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