Posted by **someone** on Saturday, May 12, 2012 at 3:28am.

Hello My teacher skipped over this and I have no clue how to do this or the equations. Help would be wonderful thank you

If 6000 dollars is invested in a bank account at an interest rate of 10 per cent per year, find the amount in the bank after 15 years if interest is compounded annually

Find the amount in the bank after 15 years if interest is compounded quaterly

Find the amount in the bank after 15 years if interest is compounded monthly

Finally, find the amount in the bank after 15 years if interest is compounded continuously

- Compound interest -
**Steve**, Saturday, May 12, 2012 at 5:08am
annually: 6000(1+.1)^15 = 25,063.49

qly: 6000(1+.1/4)^(15*4) = 26,398.74

mly: 6000(1+.1/12)^(15*12) = 26,723.51

cont: 6000*e^(.1*15) = 26,890.13

- Compound interest -
**Anonymous**, Monday, June 17, 2013 at 11:08pm
What is the future value of $800 invested for 14 years at 11 percent compounded annually

## Answer this Question

## Related Questions

- Social Studies - I was wondering if I could check my answers with someone. I'm a...
- math - how much money would have to be invested in an account at 3.98% annual ...
- SS - Rohan has 100 dollars that he wants to save in a bank. Bank A offers two ...
- Math - If you deposit P dollars into a bank account paying an annual interest ...
- 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 - I have been staring at this problem forever, and cant seem to dig it up ...
- math - If 3000 dollars is invested in a bank account at an interest rate of 9 ...
- Calculus - Linda has $9000 to invest. She invested x dollars in an account that ...
- Finance - . (TCO 3) Mark deposited $1,000 today, in an account that pays eight ...