Ask question

Ask question

All categories

2 years ago

11

If you deposit $6000 into an account paying 8% annual interest compounded monthly, how much money will be in the account after 7

years?

1 answer:

Leviafan [203]2 years ago

6 0

Answer:

$10278

Step-by-step explanation:

Given data

P= $6000

R= 8%

T= 7 years

The compound interest formula is

A=P(1+r)^t

substitute

A=6000(1+0.08)^7

A=6000(1.08)^7

A=6000*1.713

A=$10278

You might be interested in

What is the decimal value of cos X?<br> (Round the answer to the nearest thousandth if necessary.)

Tanya [424]

Answer:

0.153

Step-by-step explanation:

It has been a long time since I've done this, so I hope it is correct:

cos = adjacent side / hypotenuse

cos x = 13 / 85 = 0.153

4 0

3 years ago

Buzz and Jessie are missing each other and their friend Woody They want to meet at Woodys house which is halfway between their a

chubhunter [2.5K]

Answer:

Buzz and woody should see a doctor because they are ugly

Step-by-step explanation:

HOPE THAT HELPS YOU PLEASE MARK ME AS BRANLIEST

8 0

3 years ago

Select correct answer pls^^

alina1380 [7]

It takes 48 hours if 12 people built the same wall.

Please see the attached picture for full solution

Hope it helps

Good luck on your assignment

4 0

3 years ago

Read 2 more answers

A proof should always begin with stating the given information.<br> True<br> False

const2013 [10]

<span>A proof should always begin with stating the given information.
True</span>

5 0

3 years ago

Read 2 more answers

What is the value of x?<br> What is the measure of Angle WXZ?

bija089 [108]

Please find attached photograph for your answer

3 0

3 years ago

Read 2 more answers