babestia babestia
  • 26-04-2021
  • Mathematics
contestada

You deposited $10.00 in your bank at 8% for a period of 6 years. What will be your total amount at the bank according to: a) simple interest, b) compound interest?

Respuesta :

daisy29847
daisy29847 daisy29847
  • 26-04-2021

Answer:

Simple=$14.80 Compound=$16.14

Step-by-step explanation:

Simple=A=P(1+rt)

10.00(1+0.08×6)

Compound-A=P(1+r/n)^nt

10.00(1+0.08/6)^12*6

Answer Link

Otras preguntas

calculate the molar mass of Zn(C2H3O2)2
What territory did the Mexican- American War open up to American settlers?
According to the English Bill of Rights, who makes laws regarding taxation
Using diplomacy as a way to end conflicts between nations is one of the functions of the UN. NGOs. the Chief Negotiator. the UN General Assembly.
What Was Mahatma Gandhi's Job?
what is spinal cord and how it is protected in the human body
Which elements of drama reveal the traits and motivations of the characters to the audience? plot theme setting stage directions dialogue
Which is not an accurate statement about America's decision to go to war in 1812? A. Young leaders in the South and West wanted to go to war to protect America
which one of the following choices about the the nutritional value of beans is most accurate
what happens when one species dies out/becomes extinct?