Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. algebra
  3. point if 3000 dollars is invested in a bank accoun

point If 3000 dollars is invested in a bank account at an interest rate of...

50.1K

Verified Solution

Question

Algebra

image

point If 3000 dollars is invested in a bank account at an interest rate of 4 per cent per year find the amount in the bank after 10 years if interest is compounded annually Find the amount in the bank after 10 years if interest is compounded quaterly Find the amount in the bank after 10 years if interest is compounded monthly Finally find the amount in the bank after 10 years if interest is compounded continuously

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

What is the significance that primates generally give birth to one offspring at a time and...

Psychology
1.2K views

Can somebody write a one or two page essay on why they like Chinese art??

Biology
1.2K views

Avian kidneys produce urea that requires copious water to flush from the body True False

Physics
1.2K views

An electron moves in a circle of radius 7 cm with uniform speed 5 X...

Algebra
1.2K views

If 3 1 is a point on the graph of y f x which of...

Algebra
1.2K views

A The relation is not a function B The relation is a function Each graph...

Accounting
1.2K views

Please help me find the Daily Demand Pcs Rate produced. The first picture is...

Accounting
1.2K views

Chuck, a single taxpayer, earns $85,000 in taxable income and $10,000 in interest from an...

Accounting
1.2K views

A company produces 1,000 packages of chicken feed per month. The sales price is $3.90...

Finance
1.2K views

Common stock value-Constant growth Personal Finance Problem Over the past 6 years, Elk County Telephone...

Accounting
1.2K views

CASE 18.1 Evaluation of a Cost System: Does It Meet the Company

Accounting
1.2K views

Additional Information for 2021: 1. Purchase investment in bonds for $101,000. 2. Sell land costing...