PLEASE HELP ME!! For the following exercise, use the compound interest formula, A(t) = P(1 +r/n)^t.
where money is measured in dollars.
After a certain number of years, the value of an investment account is represented by the expression 10,400(1 +0.02/2)^20
had the account been accumulating interest?

How many years

A = $10,441.68

A = P + I where

P (principal) = $10,400.00

I (interest) = $41.68

Step-by-step explanation:

First, convert R as a percent to r as a decimal

r = R/100

r = 0.02/100

r = 0.0002 rate per year,

Then solve the equation for A

A = P(1 + r/n)nt

A = 10,400.00(1 + 0.0002/2)(2)(20)

A = 10,400.00(1 + 0.0001)(40)

A = $10,441.68

Summary:

The total amount accrued, principal plus interest, with compound interest on a principal of $10,400.00 at a rate of 0.02% per year compounded 2 times per year over 20 years is $10,441.68.

step-by-step explanation:

stew reads at the fastest rate of 265 words per minute.

step-by-step explanation:

it's a given that felicia reads at 260 word per minute and on connie's graph we can see that she reads 200 words per minute. since stew's table tells us that he read 795 in 3 minutes, we can divide 795 by 3 to find out how many words he reads per minute.

795/3 = 265

stew reads 265 words per minute - he reads at the fastest rate since felecia reads at 260 words per minute and connie reads at 200 words per minute.

stew (265) > felecia (260) > connie (200)