$4000 into a account with 4.8 percent interest assuming no withdrawals are made how much will be n account after 9 years
1 answer:
Answer:
$5728
Step-by-step explanation:
$4000 is deposited into an account with 4.8% interest.
We assume that there are no withdrawals from the account.
Then we are asked the determine the amount will be there in the account after 9 years.
From the formula of simple interest, the final amount in the account after 9 years will be dollars. (Answer)
You might be interested in
We can write the sequence out more fully, as we can see each time it is divided by 6.
60, 60/6, 60/6^2, 60/6^3, and so on.
Therefore we know the sequence can be written as
You can think of this as a graph, i.e. y=60/6^(x-1)
As a result, as x tends to infinity, y tends to 0 (since it effectively becomes 60/infinity). Therefore the sequence converges toward zero.
60, 60/6, 60/6^2, 60/6^3, and so on.
Therefore we know the sequence can be written as
You can think of this as a graph, i.e. y=60/6^(x-1)
As a result, as x tends to infinity, y tends to 0 (since it effectively becomes 60/infinity). Therefore the sequence converges toward zero.