Your answer is incorrect.
A principal of $2900 is invested at 6.75% interest, compounded annually. How much will the investment be worth after 15 years?
Use the calculator provided and round your answer to the nearest dollar.

first of all you have to multiply and change 6.75%,you have to change 6.75% into 106.75% because 100% is the original price and another 6.75% is being added up for a higher raise.

so the numbers would end up as 2900*106.75%=3095.75

so $3095.75 is the price invested at an interest per year

the question asks how much will the investment be worth after 15 years

so 3095.75*15=$46436.25 invested after 15 years.

hope this helps!!!.

Your answer is incorrect. A principal of $2900 is invested at 6.75% interest, compounded annually. How much will the investment be worth after 15 years? Use the calculator provided and round your answer to the nearest dollar.

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Your answer is incorrect.
A principal of $2900 is invested at 6.75% interest, compounded annually. How much will the investment be worth after 15 years?
Use the calculator provided and round your answer to the nearest dollar.