asweis17 asweis17
  • 17-10-2018
  • Mathematics
contestada

How much money will be in an account at the end of 6 years if $3,000 is deposited at 5% interest compounded 2 times per year?

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orojo23
orojo23 orojo23
  • 17-10-2018
if it is simple interest then divide 3000 by 20 and you get 150 times that by two so you get 300 per year. after you times 300 by 6 you get 1800 so add that to 3000 you get 4800
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