Register
6. (10 points) Dr. Grossnickle put $2000 into a high interest savings account that has an annual interest rate of 3.5%. If the interest is compounded monthly, how much money will be in the account after
150k views
0 votes
6. (10 points) Dr. Grossnickle put $2000 into a high interest savings account that has an

annual interest rate of 3.5%. If the interest is compounded monthly, how much money will
be in the account after 3 years?

User KiritoLyn
by
5.8k points

1 Answer

7 votes

Answer:

B(t)= 300*1.03^t

Explanation:

User Bernardo Marques
by
5.3k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.9m questions

7.7m answers

Other Questions

Solve for y in terms of x. 2/3y - 4 = x y = x + 6 y = -x + 4 y = -x + 6 y = x + 4
Aliyah has $24 to spend on seven pencils. After buying them she had $10. How much did each pencil cost?
Use the normal model ​n(11371137​,9696​) for the weights of steers. ​a) what weight represents the 3737thth ​percentile? ​b) what weight represents the 9999thth ​percentile? ​c) what's the iqr of the weights
Evaluate a + b when a = –16.2 and b = –11.4 A. –27.6 B. –4.8 C. 4.8 D. 27.6
What is the value of x? (-4) - x = 5
Link Copied!