Mathematics
Mathematics, 06.04.2021 22:30, rscott400

A bank offers a savings account which pays 3% interest per year. The amount of money in the account after t years is represented by the expression P(1 +
-)", where P represents the initial amount of money invested, n represents the number of times per year
the interest is compounded, i represents the interest rate, and t represents the number of years the money has been invested.
Which statement describes what happens with the savings account when the interest is compounded monthly instead of yearly?
Select two that apply.


A bank offers a savings account which pays 3% interest per year. The amount of money in the account

answer
Answers: 2

Other questions on the subject: Mathematics

image
Mathematics, 21.06.2019 17:30, Decaide
Determine the number of girls in a math class with 87 boys if there are 25 girls for every 75 boys
Answers: 2
image
Mathematics, 21.06.2019 21:00, ImmortalEnigmaYT
Sue's average score for three bowling games was 162. in the second game, sue scored 10 less than in the first game. in the third game, she scored 13 less than in the second game. what was her score in the first game?
Answers: 2
image
Mathematics, 21.06.2019 22:00, quoia89
Alex took his brother to a birthday party. the party was scheduled to last for 1 and 3/4 hours but they stayed for 4/5 of an hour more. how long did she stay at the party?
Answers: 2
image
Mathematics, 22.06.2019 00:00, sakurauchiha913
A6 ounce bottle of dressing costs $1.56 a 14 ounce bottle costs $3.36 a 20 ounce bottle costs $5.60 which has the lowest cost per ounce
Answers: 1
Do you know the correct answer?
A bank offers a savings account which pays 3% interest per year. The amount of money in the account...

Questions in other subjects:

Konu
Mathematics, 05.05.2020 00:23
Konu
Mathematics, 05.05.2020 00:23
Konu
Mathematics, 05.05.2020 00:23