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Simora [160]
3 years ago
12

You deposit $ 4000 into an account paying 6 % annual interest compounded quarterly. How much money will be in the account after

5 years?
Mathematics
2 answers:
Semmy [17]3 years ago
7 0

Answer:

$1200

Step-by-step explanation:

You start with your equation of 5x +.06 =4000 .  6% of 4000 is 240. times 240 by 5 and you get your answer of 1200 dollars.

Dmitriy789 [7]3 years ago
6 0

Step-by-step explanation:

principal=$4000

rate=6%

time=5years.

I=PRT/100

I=4000x6x5/100

I=4x6x5

I=$120

amount=p+I

=4000+120

=$4120.

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