The amount for the investment of $6000 will be a.$6369 b. $6090 and c.$6030.
<h3>What is compound interest?</h3>
Compound interest is the interest levied on the interest. The formula for the calculation of compound interest is given as:-
![A=P[1+\dfrac{r}{n}]^{nt}](https://tex.z-dn.net/?f=A%3DP%5B1%2B%5Cdfrac%7Br%7D%7Bn%7D%5D%5E%7Bnt%7D)
a) The amount in the bank after 6 years if interest is compounded annually.
![A=P[1+\dfrac{r}{1}]^{t}\\\\\\A=6000[1+\dfrac{0.01}{1}]^{ 6}](https://tex.z-dn.net/?f=A%3DP%5B1%2B%5Cdfrac%7Br%7D%7B1%7D%5D%5E%7Bt%7D%5C%5C%5C%5C%5C%5CA%3D6000%5B1%2B%5Cdfrac%7B0.01%7D%7B1%7D%5D%5E%7B%20%206%7D)
A= $6369
b) The amount in the bank after 6 years if interest is compounded quarterly.
![A=P[1+\dfrac{r}{4}]^{4t}\\\\\\A=6000[1+\dfrac{0.01}{4}]^{4\times 6}](https://tex.z-dn.net/?f=A%3DP%5B1%2B%5Cdfrac%7Br%7D%7B4%7D%5D%5E%7B4t%7D%5C%5C%5C%5C%5C%5CA%3D6000%5B1%2B%5Cdfrac%7B0.01%7D%7B4%7D%5D%5E%7B4%5Ctimes%206%7D)
A= $6090
c ) The amount in the bank after 6 years if interest is compounded monthly.
![A=P[1+\dfrac{r}{12}]^{4t}\\\\\\A=6000[1+\dfrac{0.01}{12}]^{12\times 6}](https://tex.z-dn.net/?f=A%3DP%5B1%2B%5Cdfrac%7Br%7D%7B12%7D%5D%5E%7B4t%7D%5C%5C%5C%5C%5C%5CA%3D6000%5B1%2B%5Cdfrac%7B0.01%7D%7B12%7D%5D%5E%7B12%5Ctimes%206%7D)
A=$6030
Hence the amount for the investment of $6000 will be a.$6369 b. $6090 and c.$6030.
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Answer:
Step-by-step explanation:
1. D
2. B
3. C
4. C
5. C
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<3
Answer:
Sum = 15 8/15, Difference = 1 2/15
Step-by-step explanation:
8⅓, 71/5
A. Sum
8⅓ + 7 1/5
Convert to improper fraction
25/3 + 36/5
Find the LCM of 3 and 5. The result is 15. Divide 15 by the denominator of each fraction and multiply the result obtained with the numerator. The result is shown below:
[(25×5) + (36×3)] / 15
[125 + 108] / 15
233 / 15
Convert to mixed fraction
15 8/15
B. Difference
8⅓ – 7 1/5
Convert to improper fraction
25/3 – 36/5
Find the LCM of 3 and 5. The result is 15. Divide 15 by the denominator of each fraction and multiply the result obtained with the numerator. The result is shown below:
[(25×5) – (36×3)] / 15
[125 – 108] / 15
17 / 15
Convert to mixed fraction
1 2/15
SUMMARY:
Sum = 15 8/15, Difference = 1 2/15
Answer:
13
Step-by-step explanation:
Mean would mean average, which in this case is 
so your equation would look like 
Next multiply both sides by to clear the fraction 
to get 
Subtract 69 from both sides 
you get 
