Answer: the value of the account at the end of 6 years is is $8577
Step-by-step explanation:
We would apply the formula for determining compound interest which is expressed as
A = P(1+r/n)^nt
Where
A = total amount in the account at the end of t years
r represents the interest rate.
n represents the periodic interval at which it was compounded.
P represents the principal or initial amount deposited
From the information given,
P = 6000
r = 6% = 6/100 = 0.06
n = 4 because it was compounded 4 times in a year.
t = 6 years
Therefore,.
A = 6000(1+0.06/4)^4 × 6
A = 6000(1+0.015)^24
A = 6000(1.015)^24
A = $8577
Answer:
Fax
Step-by-step explanation:
9514 1404 393
Answer:
?° = 153°
Step-by-step explanation:
The measure of an arc is the same as the measure of the central angle it subtends. The arc is marked 153°. The central angle (?°) has that same measure.
?° = 153°
Answer:
6.23 gallons per square foot
Step-by-step explanation:
623/1000 = 6.23
