The amount for the investment of $6000 will be a.$6369 b. $6090 and c.$6030.
<h3>What is compound interest?</h3>
Compound interest is the interest levied on the interest. The formula for the calculation of compound interest is given as:-
![A=P[1+\dfrac{r}{n}]^{nt}](https://tex.z-dn.net/?f=A%3DP%5B1%2B%5Cdfrac%7Br%7D%7Bn%7D%5D%5E%7Bnt%7D)
a) The amount in the bank after 6 years if interest is compounded annually.
![A=P[1+\dfrac{r}{1}]^{t}\\\\\\A=6000[1+\dfrac{0.01}{1}]^{ 6}](https://tex.z-dn.net/?f=A%3DP%5B1%2B%5Cdfrac%7Br%7D%7B1%7D%5D%5E%7Bt%7D%5C%5C%5C%5C%5C%5CA%3D6000%5B1%2B%5Cdfrac%7B0.01%7D%7B1%7D%5D%5E%7B%20%206%7D)
A= $6369
b) The amount in the bank after 6 years if interest is compounded quarterly.
![A=P[1+\dfrac{r}{4}]^{4t}\\\\\\A=6000[1+\dfrac{0.01}{4}]^{4\times 6}](https://tex.z-dn.net/?f=A%3DP%5B1%2B%5Cdfrac%7Br%7D%7B4%7D%5D%5E%7B4t%7D%5C%5C%5C%5C%5C%5CA%3D6000%5B1%2B%5Cdfrac%7B0.01%7D%7B4%7D%5D%5E%7B4%5Ctimes%206%7D)
A= $6090
c ) The amount in the bank after 6 years if interest is compounded monthly.
![A=P[1+\dfrac{r}{12}]^{4t}\\\\\\A=6000[1+\dfrac{0.01}{12}]^{12\times 6}](https://tex.z-dn.net/?f=A%3DP%5B1%2B%5Cdfrac%7Br%7D%7B12%7D%5D%5E%7B4t%7D%5C%5C%5C%5C%5C%5CA%3D6000%5B1%2B%5Cdfrac%7B0.01%7D%7B12%7D%5D%5E%7B12%5Ctimes%206%7D)
A=$6030
Hence the amount for the investment of $6000 will be a.$6369 b. $6090 and c.$6030.
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Answer:
105 sq cm
Step-by-step explanation:
The bottom rectangle is 6 x 15 = 90 sq cm
The triangle at the top has a length of 15 - 9 = 6 cm and a height of 11 - 6 = 5 cm.
A triangle is 1/2bh so 1/2 x 6 x 5 = 15 sq cm
Add the areas together
Answer:
9:30 she finishes
Step-by-step explanation:
815 plus 75 is 890
there are 60 minutes in one hour
890-60 is 830
add 100 to represent another Hour
830 plus 100 is 930
9:30
therefore, it is 9:30
Answer:
you talking to specific people or can anyone join
Step-by-step explanation:
Answer:
The equation to determine the number of days Margo has owned the plant is 
.
Step-by-step explanation:
Given:
Actual length of the tree = 5 cm
Current length of the tree = 65 cm
Per day growth Rate of plant = 2.5 cm
Let number of days she owned the plant be 'x'
Now We can say that,
Current length of the tree is equal to sum of Actual length of the tree and Per day growth Rate of plant multiplied by number of days she owned the plant.
Farming the above sentence in equation form we get;
Hence the equation to determine the number of days Margo has owned the plant is .
