How much money is in the bank after for 4 years? 2. A deposit of $2150 earns 6% interest compounded quarterly. How much money is in the bank after for 6 years? 3. A deposit of $495 earns 3% interest compounded annually. How much money is in the bank after for 3 years?
How much money is in the bank after for 4 years? 2. A deposit of $2150 earns 6% interest compounded quarterly. How much money is in the bank after for 6 years? 3. A deposit of $495 earns 3% interest compounded annually. How much money is in the bank after for 3 years?
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Compute the following Compound Interest word problem. Show your solution.
1. A deposit of $3000 earns 2% interest compounded semiannually. How much money is in the bank after for 4 years?
2. A deposit of $2150 earns 6% interest compounded quarterly. How much money is in the bank after for 6 years?
3. A deposit of $495 earns 3% interest compounded annually. How much money is in the bank after for 3 years?
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