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
0.3 is 3/10, (which is already simplified) because .3 is out of 1. Which means that that 1 is 10. Which is 3/10.
example: Two polygons are congruent if they are the same size and shape - that is, if their corresponding angles and sides are equal.
Look at some shorter periods of time to decide whether their reasonable. Do that by simplifying the fraction. . . . . 40,000 pounds / 80 years = 4,000 pounds / 8 years = 2,000 pounds (1 ton) / 4 years = 1,000 pounds / 2 years (have you decided yet ? Well, simplify it some more) 1,000 pounds / 2 years = 500 pounds per year = almost 1 and 1/2 pounds of bread every day of your life. NOW what do you think ? Make sense ?
Answer:
no
Step-by-step explanation:
i just know
