3 years ago

Assume you invest $3,000 in an account that pays 7% compounded monthly. How much money will be in the account after 6 years?

Mathematics

1 answer:

omeli [17]3 years ago

6 0

Use A = P(1+r/n)^(nt).

Here, A = $3000(1+0.07/12)^(12*6). Can you evaluate this?

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Let's solve it step-by-step:

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3 years ago

Find the vertices and foci of the hyperbola with equation x squared over nine minus y squared over sixteen = 1.

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<em>Comparing given info with standard equation, we get
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