Posted by bree on Thursday, November 18, 2010 at 4:38pm.
i need help with these problems below !
mike deposited $500 for 9 months at 8%, compounded quarterly.
a. how many times was interest added to mike's account?
b. what percent interest was added each time?
c. what was the balance in mike's account at the end of 9 months?
sara deposited $1400 for 1 year at 10%, compounded semiannually.
a. how many times was interest added to sara's account?
b. what percent interest was added each time?
c. what was the balance in sara's account at the end of one year?
i don't understand how to do these problems so please explain & show work.

prealgebra (interests & percentss)  chris, Tuesday, December 14, 2010 at 4:52pm
$21.60
Answer This Question
Related Questions
 Math  1. When their child was born, Elaine and Mike Porter deposited $5,000 in ...
 math  Mike's grandmother opened a savings account in Mike's name and deposited ...
 math 10  Theo deposited $1,250 in a savings account that pays 6% interest, ...
 Math  Please check my work, thank you If $7,800 is deposited into an account ...
 damon i need your help again  Julie deposited $300 into a simple interest ...
 Finance  Joeli deposited $1000 on 1 January 2011 in an account paying interest ...
 Lat math question for some days. Can y'all help?  Huan deposited $850 into a ...
 math  We deposited 7,500 dollars into a savings account which pays 3.6 percent ...
 MATH HELP! Complex Interest  Huan deposited $850 into a collegesavings account ...
 math  Huan deposited $850 into a collegesavings account earning 4.8% ...
More Related Questions