06-11-2022
Mathematics

Answered

$6000 are invested in a bank account at an interest rate of 6 percent per year.

Find the amount in the bank after 11 years if interest is compounded annually.
Find the amount in the bank after 11 years if interest is compounded quarterly.
Find the amount in the bank after 11 years if interest is compounded monthly.

Finally, find the amount in the bank after 11 years if interest is compounded continuously.

Answer :

Other Questions

Paul borrowed $6,000 from a credit union for 5 years and was charged simple interest at a rate of 5.45%. What is the amount of interest he paid at the end of th

Orenda opened a savings account with $4500 that earns 0.6% simple interest annually. After how many years will the balance of the account be $4635? Round to th

g Ideas Learning, LLC MTR 7 29. MODELING REAL LIFE You want to save money for a trip to the Cocoa Beach Pier. You deposit $920 in an account that earns simple i

The function d(t)= 1/2t+2 represents the amount (in inches) of water in a rain barrel for six rainy days, where t is the time (in days) since the rainfall bega

A bacteria culture initially contains 2500 bacteria and doubles every half hour. Find the size of the bacterial population after 20 minutes. Find the size of t

5x + y = 8 2x + y = 5

Choose one item of interest to you in the Historical Pricing Chart on the next page. 2. Calculate the percent of change of the item's price each decade, and use

https://www.ixl.com/math/algebra-1/transformations-of-absolute-value-functions-translations-and-reflections The graph shows g(x), which is a translation of f(x)

(1,y) and (x,−3). 6x+3y=15

sin cos tan ( ) 0 7 ans Submit Question I + One side of a rectangle is 24 m longer than four times another side. Find the length of the sides, given that the ar