A family invests $6000 within an account paying 6%, compounded monthly. How much is within the account after 10 months?
Answers: $6000 x 6% / 12 months = $30; at wrapping up of lst month, the account is worth $6030. ($6000 + $30)
End of 2nd mo: $6030 x6%/12 mos = $30.15, modern balance = $6060.15
Using that same computation:
End of third mo set off = $6090.45
End of fourth mo balance = $6120.90
End of fifth mo set off = $6151.50
End of sixth mo balance = $6182.26
End of seventh mo match = $6213.17
End of eighth mo balance = $6244.24
End of ninth mo go together = $6275.46
End of tenth mo balance = $6306.84
i will utter after 10 monthes, there is 6036.00
6000. x .06% = 3.60 x 10 = 36.00
6036.00
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Answers: $6000 x 6% / 12 months = $30; at wrapping up of lst month, the account is worth $6030. ($6000 + $30)
End of 2nd mo: $6030 x6%/12 mos = $30.15, modern balance = $6060.15
Using that same computation:
End of third mo set off = $6090.45
End of fourth mo balance = $6120.90
End of fifth mo set off = $6151.50
End of sixth mo balance = $6182.26
End of seventh mo match = $6213.17
End of eighth mo balance = $6244.24
End of ninth mo go together = $6275.46
End of tenth mo balance = $6306.84
i will utter after 10 monthes, there is 6036.00
6000. x .06% = 3.60 x 10 = 36.00
6036.00
Resolved Questions: