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stich3 [128]
3 years ago
11

If $6,000 is invested in a bank account at an interest rate of 9 per cent per year, find the amount in the bank after 5 years if

interest is compounded annually, quarterly, monthly, and continuously.
Mathematics
1 answer:
ludmilkaskok [199]3 years ago
3 0

Answer:

annual -  $9,231.74  

quarterly - $9,363.06  

monthly -  $9,394.09  

continuously -$9,409.87  

Step-by-step explanation:

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