3 years ago

Ankit deposits $800 in an account that earns 6% yearly interest compounded monthly. How much will the account be worth

1 answer:

Aleks [24]3 years ago

7 0

Answer:

the compounded monthly formula is

total = principal * ( 1 + (rate / 12)) ^ 12*2 years

total = $800.00 * (1 + .06 / 12) ^ 24

total = $800.00 * (1.005) ^ 24

total = $800.00 * 1.1271597762

total = $901.7278209643

total = 901.73 (rounded)

Step-by-step explanation:

You might be interested in

polet [3.4K]

The answer is 1700 because 1679 rounded to the nearest hundred is 1700

8 0

3 years ago

Usimov [2.4K]

Z=x/you that is your formula

3 0

3 years ago

Elena L [17]

Answer:

V = 64 and V = 2,048

Step-by-step explanation:

The volume of a cube is found using V = s*s*s. Substitute s = 4.

The volume is V = 4*4*4 = 64.

The volume of the crate is 32 * 64 = 2,048.

3 0

3 years ago

I am Lyosha [343]

A.0 I think ................

6 0

3 years ago

Illusion [34]

The fraction is 31/100, the decimal is 0.31 which means your simplest form is 31/100

4 0

3 years ago