Answer: the value of the account at the end of 6 years is is $8577
Step-by-step explanation:
We would apply the formula for determining compound interest which is expressed as
A = P(1+r/n)^nt
Where
A = total amount in the account at the end of t years
r represents the interest rate.
n represents the periodic interval at which it was compounded.
P represents the principal or initial amount deposited
From the information given,
P = 6000
r = 6% = 6/100 = 0.06
n = 4 because it was compounded 4 times in a year.
t = 6 years
Therefore,.
A = 6000(1+0.06/4)^4 × 6
A = 6000(1+0.015)^24
A = 6000(1.015)^24
A = $8577
Answer:
Its Mai
Step-by-step explanation:
I promise I know why
Answer:
4.5>2.89
Step-by-step explanation:
This question is asking for the comparison between the values of both numbers. 4.5 is greater than 2.89, and this can be written as 4.5>2.89
t = mr^2/3
Divide both sides by r^2/3
m = t / r^2/3
