Answer:
sqrt(37)
Step-by-step explanation:
Answer:
Step-by-step explanation:
Formula =P×R×T=I
P×11/100×6=4500
66/100p=4500
100/66×66/100=4500×100/66
P=6818.1818.......
=6818.18
Answer:
The Amount in account after 6 years is $4014.976
Step-by-step explanation:
Given as :
The principal = p = $3500
The rate of interest = r = 2.29% compounded monthly
The time period = t = 6 years
Let The Amount in account after 6 years = $A
<u>From Compound Interest method</u>
Amount = Principal × 
Or, A = p × 
Or, A = $3500 × 
Or, A = $3500 × 
Or, A = $3500 × 1.147136
∴ A = $4014.976
So,The Amount in account after 6 years = A = $4014.976
Hence, The Amount in account after 6 years is $4014.976 Answer