Sunday

March 29, 2015

March 29, 2015

Posted by **judy** on Thursday, January 10, 2013 at 4:57pm.

- math -
**Steve**, Thursday, January 10, 2013 at 5:32pmIf that's compound interest,

P(1+.03/12)^(12*4) = 1000

P = 887.05

If simple interest,

P(1+4*.03) = 1000

P = 892.06

**Answer this Question**

**Related Questions**

College level math - Suppose you deposit $100 in an account that earns 0.5% each...

Math - Suppose you deposit $400 in an account that earns 0.75 percent each ...

algebra - 1. Suppose Mary deposits $200 at the end of each month for 30 years ...

math models - Tanisha wants to have $1000 in her bank account in 5 years. How ...

Math - (a) Themba wants to deposit a sum of money into a savings account so that...

Math - Suppose you deposit $400 in an account that earn 0.75 percent each ...

math - a bank account earns 7% annual interest compounded continuously. you ...

Economics - Ben deposits $5000 now into an account that earns 7.5 percent ...

maths - You deposit $1000 each year into an account earning 8% compounded ...

Finite Math - Malika Agwani starts her career at the age of 25 and makes equal ...