PLEASE HELP Which equations could this model represent? Choose all answers that are correct. A. 3 X 2/5= M B.1 2/5 X 3 = m C
. 3 x 1 2/5 = m D. 2/5 x 3 = m
1 answer:
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The amount for the investment of $6000 will be a.$6369 b. $6090 and c.$6030.
<h3>What is compound interest?</h3>Compound interest is the interest levied on the interest. The formula for the calculation of compound interest is given as:-
a) The amount in the bank after 6 years if interest is compounded annually.
A= $6369
b) The amount in the bank after 6 years if interest is compounded quarterly.
A= $6090
c ) The amount in the bank after 6 years if interest is compounded monthly.
A=$6030
Hence the amount for the investment of $6000 will be a.$6369 b. $6090 and c.$6030.
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