Mike Branson invested his summer earnings of $3000 in a savings account for college. The account pays 4.5% interest. How much will this amount to in 6 monthsMike's savings will amount to $ in 6 months.(Round to the nearest cent as needed.)

Given: Mike Branson invested his summer earnings of $3000 in a saving account for college.The…

Answered: Mike Branson invested his summer…

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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Mike Branson invested his summer earnings of $3000 in a savings account for college. The account pays 4.5% interest. How much will this amount to in 6 months Mike's savings will amount to $ in 6 months. (Round to the nearest cent as needed.) ...