The amount of money, A, accrued at the end of n years when a certain amount, P, is invested at a compound annual rate, r, is given by A= P(1+r) If a person invests $310 in an account that pays 8% interest compounded annually, find the balance after 5 years.

A = $455.49

Step-by-step explanation:

A= P(1+r) ^t

P = $310

R = 8% or 0.08

T = 5

Put variables in the above equations

A = 310 (1+0.08)^5

A= 310(1.08) ^ 5

A = $455.49

answer: 16

step-by-step explanation: first you would add 6+6 which equals 12 then add 2+2 which equals 4. then add 12 + 4 which is 16.

hope this ^_^

2 x 503

step-by-step explanation:

its 1006