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help!! 20 pts
leslie invested $3,500 into an account with an interest rate of 4.5%. write an equation and find the value of the account after 15 years, compounding monthly.

a=p(1+r/n)^nt

select the correct answer for each question

the value of “p” in the equation is:
15
13
3500
.045

the value of “r” in the equation is:
.045
12
15
3500

the value of “n” in the equation is:
15
3500
12
.045

the value of “t” in the equation is:
.045
12
3500
15

and finally!!!

the value of leslie’s account is:
?

help 20 pts leslie invested 3500 into an account with an interest rate of 45 write an equation and find the value of the account after 15 years compounding mont class=

Respuesta :

alexiafajen

Answer:P: the principal, the amount invested

A: the new balance

t: the time

r: the rate, (in decimal form)

Ex1: If $1000 is invested now with simple interest of 8% per year. Find the new amount after two years.

P = $1000, t = 2 years, r = 0.08.

A = 1000(1+0.08(2)) = 1000(1.16) = 1160

Step-by-step explanation: