If $6000 is invested in an account that pays 3% annual compounded interest, compare the  amount in the account after 10 years if the interest is compounded  a) semiannually (twice a year)  b) quarterly (four times a year)  c) monthly (twelve times a year)  d) continuously

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Q: Can you give me the formula 4 interest on an investment

A: To find a formula which gives relation between investment and interest.

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A: We can solve the problem by simple interest formula.

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Q: paying 15.5%

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Q: If $1000 are deposited into an account with 10% interest rate, compounded annually, what is the…

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