Thursday
March 26, 2015

Homework Help: math

Posted by Seth on Sunday, February 19, 2012 at 8:26am.

Suppose that $200 was deposited on 1st Jan 2000 into an account that earned 5% interest compounded semiannually. Suppose further that $200 was deposited on 1st Jan 2001 into a different account that earned 6% interest compounded semiannually. In what month of what year will the total amount in the account earning 6% interest overtake the total amount in the account earning 5% interest?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Lat math question for some days. Can y'all help? - Huan deposited $850 into a ...
math - Huan deposited $850 into a collegesavings account earning 4.8% ...
MATH HELP! Complex Interest - Huan deposited $850 into a collegesavings account ...
Math - I need to see how this is answered. 1. Lauren deposited $200 into her ...
Can you help me with this math problem? ASAP plz! - Lester deposited $400 into a...
Math - $500 was deposited into an account at the first of the year. Interest ...
math - To save for a child's education,the petersen's deposited $2500 into an ...
Algebra( check my answers) - 1. Juan deposited $200 in a savings account earning...
Pre-Algebra can you please help?! - Lester deposited $400 into a savings account...
Finance - John deposited $1000 on 1st January 2011 in an account paying interest...

Members