Compound interest
show which two formulas you’re to use and solve the problems
1 You pu...
Mathematics, 27.01.2021 21:20, econsta3
Compound interest
show which two formulas you’re to use and solve the problems
1 You put 2000 dollars into an account that pays 4.75% interest compounded monthly. How much money will be in that account after 2 years? Round to the nearest cent.
2 You put 4300 dollars into an account that pays 4.3 percent interest compounded daily. How much money will be in that account at the end of one year? Round to the nearest cent.
3 You deposit 600 dollars into an account every quarter. The account earns 5% interest compounded quarterly. How much money is in the account after 5 years?
Answers: 2
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