Sunday

April 19, 2015

April 19, 2015

Posted by **tony** on Wednesday, July 13, 2011 at 8:33pm.

Find the amount in the bank after 12 years if interest is compounded quaterly

Find the amount in the bank after 12 years if interest is compounded monthly

Finally, find the amount in the bank after 12 years if interest is compounded continuously

- Math -
**Damon**, Wednesday, July 13, 2011 at 9:14pm12 years 3000 *1.06^12

12*4 = 48 quarters

.06/4 = .015

so

3000 * 1.015^48

12*12 = 144 months

.06/12 = .005

3000 * 1.005^144

dx/dt = .06 x

dx/x = .06 dt

ln x = .06 t

x = Xo e^.06 t

x = 3000 e^(.06*12)

math - If 3000 dollars is invested in a bank account at an interest rate of 9 ...

Compound interest - Hello My teacher skipped over this and I have no clue how to...

Calculus Please help! - If 7000 dollars is invested in a bank account at an ...

Calculus :) - If 8000 dollars is invested in a bank account at an interest rate ...

Calculus :) - If 8000 dollars is invested in a bank account at an interest rate ...

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

Alg2 - Help....Help... Suppose you deposit a principal amount of p dollars in a ...

math - Rob has a balance of 1695$ in his bank account The account pays 2.9% ...

Math - An initial amount of $2900 is invested in an account at an interest rate...

differential equation - If P(t) is the amount of dollars in a savings bank ...