Friday

October 24, 2014

October 24, 2014

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

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 5:08amannually: 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 11:08pmWhat is the future value of $800 invested for 14 years at 11 percent compounded annually

**Answer this Question**

**Related Questions**

drbob222 - Can you check this one for me i want to make sure. The simple ...

pre-cal... compound interest and modeling data - Please help me with these 2 ...

math check my answer thanks - who had the higher rate of interest someone who ...

math - how much would adam have to deposit in a saving account to earn 100 ...

Math-- Desperate for help! - Find the amount in an account if $2000 is invested ...

Math - A lends altogether Rs 6000 to B and C for two years.B pays Simple ...

math - marla earned $400.00 interest over 2 years on a $4000.00 investment. ...

algebra - 1. The cost, in millions of dollars, to remove x % of pollution in a ...

algebra 1 - MArta has $6000 to invest. She puts x dollars of this money into a ...

algebra..urgent!!!! - MArta has $6000 to invest. She puts x dollars of this ...