An investor puts $500 in an account that pays 3% interest compounded annually. Find the account balance after 6 years.

1 answer:

6 0

Use the formula A=Asub0(1+/-intrest)^time for compounded annually. In this case it would be A=500(1+.03)^6. Hope this helps!

You might be interested in

WINSTONCH [101]

Answer:

btw it olny 8 points but it is c

Step-by-step explanation:

5 0

2 years ago

Ilia_Sergeevich [38]

Step-by-step explanation:

The x intercept is the point that touches the x axis

The y-intercept is the point that touches the y-axis

So...

The x-intercept = (0, -40)

The y-intercept = (0, 15)

5 0

2 years ago

irina [24]

Answer:

-6+6=0

x^2=-6

sq root of -6 = x

Step-by-step explanation:

6 0

2 years ago

givi [52]

Bare with me a minute, I am still trying to figure it out. Here is what I have so far.

6 0

2 years ago

RoseWind [281]

Break the problem up.

8 0

2 years ago

An investor puts ​$500 in an account that pays 3​% interest compounded annually. Find the account balance after 6 years.