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Score: 8.2/11 Answered: 10/11 Question 4 Find the final amount of money in an account if $ \$ 3,800 $ is deposited at $ 4 \% $ interest compounded weekly and the money is left for 10 years. The final amount is $ \$ $ $ \square $ - Round answer to 2 decimal places Submit Question

          Score: 8.2/11 Answered: 10/11

Question 4

Find the final amount of money in an account if \( \$ 3,800 \) is deposited at \( 4 \% \) interest compounded weekly and the money is left for 10 years.

The final amount is \( \$ \) \( \square \) - Round answer to 2 decimal places
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Score: 8.2/11 Answered: 10/11

Question 4

Find the final amount of money in an account if $ 3,800 is deposited at 4 % interest compounded weekly and the money is left for 10 years.

The final amount is $ □ - Round answer to 2 decimal places
Submit Question

Added by Kevin B.

Elementary and Intermediate Algebra

Alan S. Tussy, R. David Gustafson 5th Edition

Instant Answer

Solved by Expert Ruth Kang

Step 1

- Principal amount ($ P $) = \$3,800 - Annual interest rate ($ r $) = 4% = 0.04 - Compounding frequency = weekly = 52 times per year - Time ($ t $) = 10 years Show more…

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Score: 8.2/11 Answered: 10/11 Question 4 Find the final amount of money in an account if $ \$ 3,800 $ is deposited at $ 4 \% $ interest compounded weekly and the money is left for 10 years. The final amount is $ \$ $ $ \square $ - Round answer to 2 decimal places Submit Question