I assume you are looking for the total. The total amount in the account will be $4,781.54 if the interest is compounded annually.

If she is earning 6% interest, the balance in her account will be multiplied by 1.06 each year.

You can evaluate the following expression to find the total.
$3000(1.06)^8 = 4781.54$

6 0

2 years ago

I got more points plz help!

jeka94

B is the correct answer.

3 0

2 years ago

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Sylvia invested 500 in an account compounded annually with an interest rate of 8%. Manuel invested 600 in an account with a comp

il63 [147K]

Answer:

Sylvia's investment would double first

Step-by-step explanation:

The number of years it takes for amount invested to double itself using the 72 rule is 72 divided by rate of interest as computed below:

Sylvia investment:

Sylvia's investment would double in 9 years' time (72/8)

Manuel's investment"

Manuel investment of $600 would double itself in 9.9 years' time (72/7.25)

From the above analysis,Sylvia's investment of $500 at the 8% rate of interest would double first

8 0

2 years ago