HELP NOW 3600 dollars is placed in an account with an annual interest of 9% How much will be in the account after 25 years to the nearest cent !!

A = $ 31,043.09

A = P + I where

P (principal) = $ 3,600.00

I (interest) = $ 27,443.09

Step-by-step explanation:

A = P(1 + r/n)^nt

Where:

A = Accrued Amount (principal + interest)

P = Principal Amount

I = Interest Amount

R = Annual Nominal Interest Rate in percent

r = Annual Nominal Interest Rate as a decimal

r = R/100

t = Time Involved in years, 0.5 years is calculated as 6 months, etc.

n = number of compounding periods per unit t; at the END of each period