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:
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Answer:
slope (3,1) using rise over run y-intercept -1
Step-by-step explanation:
Starting at your y-intercept -1 and going up three and 1 to the right you get to your next point on the graph
We can easily get the quarts per hour rate by dividing the number of quarts by the number of hours:
Now that we have the quarts per hour rate, we can easily address the question: the factory could make
quarts in 48 hours, with a daily rate of
quarts per day
