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A deposit of $6000 earns 3% annual interest . Find the amount in the account at the end of 5 years and the amount of interest earned during the 5 years if the interest is componded a) annually b) quarterly
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A deposit of $6000 earns 3% annual interest . Find the amount in the account at the end of 5 years and the amount of interest earned during the 5 years if the interest is componded

a) annually b) quarterly c) monthly,and d) daily

A deposit of $6000 earns 3% annual interest . Find the amount in the account at the-example-1
User Artusamak
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2 Answers

4 votes

Answer:

$6900 after five years.

ummmm...... its C i think

User Mike Herasimov
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7.7k points
6 votes
$6900 at the end of five years. $900 earned in interest each year. $180 annually
User Jeet Bhatt
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