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PtichkaEL [24]
3 years ago
11

Brad deposited $4,000 into a savings account that earn 4% compound interest. How much interest did he earn after three years?

Mathematics
1 answer:
Ainat [17]3 years ago
8 0

Answer:

5512

Step-by-step explanation:

4900x1.04=5096

5096x1.04=5300

5300x1.04=5512

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If John invests $600 in a savings account earning interest at a rate of 6% compounded semiannually how much will be in account a
kondaur [170]

Answer:

$962.82 will be in John's account after 8 years if compounded semiannually.

Step-by-step explanation:

The formula used to find the amount after 8 years is:

A = P(1+ r/n)^nt

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n = no of times interest is compounded

t = time

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3 0
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