teresa deposits $6000 into a bank account that pays 2% every year. how much interest will be paid in the first 4 years?

1 answer:

7 0

60. Terese deposited $6 000 into a bank account that pay 2% every year How much will she earn if for the first 4 years: => First Year 6 000 x 0.02 => 120 => 6 000 + 120 = 6 120 => Second Year the money is 6 120 => 6 120 * .02 = 122.4 => 6 120 + 122.4 => 6 242.4 => For the third year the money is 6 242.4 => 6 242.4 x 0.02 = 124.848 => 6 242.4 + 124.848 => 6 367.248 => And for the 4th year => 6 367.248 * .02 = 127.34 => 6 494.6 So his money will be 6 494.6 dollars.

You might be interested in

Tate the order and type of each transformation of the graph of the function

klasskru [66]

Answer:

left 1 unit, reflection about the x-axis, up 1 unit

Step-by-step explanation:

This is a cubic that has been moved left 1 unit because of the (x+1)^3 part.

It also has been moved up one unit because of the plus 1 on the outside of the cube.

There has also been a reflection across the x-axis because of the -1 in front of the -(x+1)^3 part.

In general, g(x-h)+k means:

1) the function g has been moved right (if h is positive) or moved left (if h is negative).

2) the function g has been moved up (if k is positive) or down (if k is negative)