gorethniyukuri
gorethniyukuri gorethniyukuri
  • 14-12-2017
  • Mathematics
contestada

If you invest $500 at 4% interest,compounded annually,how much is in the account at the end of six years?

Respuesta :

tcopelandstone
tcopelandstone tcopelandstone
  • 18-12-2017
So, we'll find out how much interest this person will have in 6 years and then add it to the original deposit. To do this we will multiply all the factors:

500 x 0.04 x 6 = 120.
This means they'll have made $120 in interest in 6 years if they don't touch the money. We will add the 120 to the 500.
500+120= 620

They will have a total of $620 in their account after 6 years.




Answer Link

Otras preguntas

Explain how you would order from least to greatest three numbers that include a positive number, a negative number , and a zero
Estimate the difference 100-21
Lori bought a sweater for $47 and a pair of jeans for $39. If you were to round the amount that Lori spent for each item to the nearest ten dollars, which numbe
There are 1000 _______ in a meter HELP
The sociologist Max Weber said this of bureaucracy: "From a purely technical point of view, a bureaucracy is capable of attaining the highest degree of efficien
What are some ways that slate is used?
are 121 and 280 relatively prime?
a natural flow of water from underground to the surface is a/an
What is x= when the equation is 5+x=14-8x
in contrast to a capitalist society, how does a persons income function in a socialist society?