victoria1207 victoria1207

20-05-2024
Mathematics

Answered

suppose that $6000 is placed in an account that pays 13% interest compounded each year. assume that no withdrawals are made from the account.
find the amount in the account at the end of 1 year:
find the account in the account at the end of 2 years:

Answer :

20-05-2024

Answer:

$6000 X .013 = 78 ....6000 +78 =6078 YEAR 1

6078 X .013 = 79.01 6078+ 79.01 = 6157 YEAR 2

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