Post a New Question


posted by .

suppose you invest some money in an account at 6% compounded monthly, after four years you have $8000, how much interest did you earn

  • calculus -

    x(1.005)^48 = 8000

    solve for x
    subtract from 8000 to get the interest.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

More Related Questions

Post a New Question