Tuesday

September 30, 2014

September 30, 2014

Posted by **Natalie** on Thursday, March 6, 2008 at 7:17pm.

- math -
**Reiny**, Thursday, March 6, 2008 at 7:39pmthe commonly used compound interest formula

Amount = Principal(1+i)^n is actually an exponential equation.

In your case

Principal = 350

i = .095 and

n = 6

so Amount = 350(1.095)^6

= $603.33

**Answer this Question**

**Related Questions**

math - This problem has to do with exponential models. The question says, you ...

math - If you have a savings of $2235 and deposit the amount into an account ...

math - you deposit $2200 in an account that pays 3% interest, after 15 years you...

math - you deposit $2200 in an account that pays 3% annual interest. after 15 ...

math - You deposit $24000 in an account that pays 2.4% annual interest ...

Math - If you deposit $900 semiannually in a bank which pays 6% interest ...

math - You deposit $2200 in an account that pays 3% annual interest. After 15 ...

Finance - You deposit $1000 in an account that pays 8% interest compounded ...

Math - How much must you deposit in an account that pays 6% semi-annual ...

Alg 2 - Suppose you deposit a principal amount of p dollars in a bank account ...