Quiz

5. find the balance in the account.

$700 principal earning 5%, compounded monthly, after 9 years

a $16,088.19

b $79,380.00

c $1,096.79

d $1,085.93

correct option is c $1,096.79

Step-by-step explanation:

given data

principal = $700

rate = 5 % compounded monthly = 0.05

time = 9 year

to find out

balance

solution

we will apply here formula that is

balance =    ..................1

here P is principal and r is rate and t is time and n is compounding frequency i.e. 12

so put here all value we get balance by equation 1

balance =

balance =

balance = $1,096.79

so correct option is c $1,096.79

answer: when you burn wood, the carbon reacts with the oxygen in the air to create ash and smoke. that is a permanent change you cannot undo that.

step-by-step explanation: