Find how much money will be in the account after the given number of years (Assume 360 days in a year.), and how much interest was earned. Principal: $9500 Rate: 4.5% Compounded: monthly Time: 4 years amount in account: $9936.43; interest earned: $436.43 amount in account: $9643.30; interest earned: $143.30 amount in account: $11,369.74; interest earned: $1869 74

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Find how much money will be in thhe account after the
given number of years (Assume 360 days in a year.),
and how much interest was earned.
Principal: $9500
Rate: 4.5%
Compounded: monthly
Time: 4 years
amount in account: $9936.43; interest earned: $436.43
amount in account: $9643.30; interest earned: $143.30
amount in account: $11,369.74; interest earned:
$1869.74
amount in account: $13,206.04; interest earned:
$1828.93
Transcribed Image Text:Find how much money will be in thhe account after the given number of years (Assume 360 days in a year.), and how much interest was earned. Principal: $9500 Rate: 4.5% Compounded: monthly Time: 4 years amount in account: $9936.43; interest earned: $436.43 amount in account: $9643.30; interest earned: $143.30 amount in account: $11,369.74; interest earned: $1869.74 amount in account: $13,206.04; interest earned: $1828.93
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