How would you solve number eight I'm confused and I'm putting stuff here bc it's not long enough
1 answer:
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Answer:
A = $ 5137.65 .
Step-by-step explanation:
Amount = $3000
interest rate = 9 %
= 9/12 = 0.75%
compounded monthly for
time = 6 years.
= 6 × 12 = 72 months.
A = $ 5137.65
hence, the amount after compounding $3000 at the rate of 9% after 6 years is A = $ 5137.65 .