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You deposit $6000 in an account that earns 3% annual interest. Find the balance after 6 years if this interest is compounded with the given frequency.

You deposit $6000 in an account that earns 3% annual interest. Find the balance after 6 years if this interest is compounded with the given frequency.
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1 vote
You deposit $6000 in an account that earns 3% annual interest. Find the balance after 6 years if this interest is

compounded with the given frequency.

User Raymond Mutyaba
by
8.0k points

1 Answer

6 votes
end amount would be $7,164.31
User DzITC
by
8.2k points
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