Answer:
Step-by-step explanation:
the formula used for any interest other then continuously is
A=P(1+r/n)^nt
so... r=rate in decimal form ONLY n=how often interest is paid t=time passed
A=3000(1+.08/1)^(1)(5) = annually
A=3000(1+.08/2)^(2)(5)
A=3000(1+.08/4)^(4)(5)
use you calculator to get the answer
it is good practice to use your calculator now because soon you will be using it for population questions and those need to be entered very carefully.
Yep
This is your answer:
if then number is $499.49 that would mean it rounds down to $499.00
but in your case $499.76 rounds to $500.00
(Remember .50 and up goes up!)
Therefor your answer is $500.00
C. Money market
Best regards
A
Hope this Helps Dork! :)