math

jake put $ 600 in the bank for 4 years at 2.5% interest

a) how much interest will he earn after three years

b) what is the total amount in his bank account at the end of three years

  1. 👍 0
  2. 👎 0
  3. 👁 60

Respond to this Question

First Name

Your Response

Similar Questions

  1. Compound interest

    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

    asked by someone on May 12, 2012
  2. Calculus Please help!

    If 7000 dollars is invested in a bank account at an interest rate of 7 per cent per year. A) Find the amount in the bank after 6 years if interest is compounded annually? B) Find the amount in the bank after 6 years if interest is

    asked by ALI on February 21, 2014
  3. Math

    If 3000 dollars is invested in a bank account at an interest rate of 6 per cent per year, find the amount in the bank after 12 years if interest is compounded annually Find the amount in the bank after 12 years if interest is

    asked by tony on July 13, 2011
  4. Calculus :)

    If 8000 dollars is invested in a bank account at an interest rate of 10 per cent per year, find the amount in the bank after 11 years if interest is compounded annually ____ Find the amount in the bank after 11 years if interest

    asked by Brit on August 22, 2011
  5. Math

    - Anurag is buying a house for $100,000 and needs a mortgage loan. Bank A wants him to repay the loan in 240 months with monthly payment of $600.72. Bank B wants him to repay the loan in 360 months with a monthly payment of

    asked by Lil on May 17, 2016
  6. math

    A person borrowed Rs.20,000 from a bank at a simple interest rate of 12% per annum.In how many years will he owe interest of Rs.3,600?

    asked by Haroon Gondal on November 9, 2015
  7. percentage

    If I put $5,000 in a CD for a miniumum of 3 years, the bank will offer 3.25% interest. How much interest will I earn after 6 years?

    asked by Valerie on August 31, 2008
  8. magh

    suppose you put money into teo different bank accounts. In account #1 you deposit $500 and you will be earning 6% interest compounded quarterly. in account #2 you deposit $600 and you will be earning 5% interest compounded

    asked by Sarah on March 21, 2016
  9. math

    Guys please i need your help i am not getting the answer over the following questions. 1) Maria banked sh. 95,000 in her bank account. If the bank gives a simple interest of 17% per year, how much will she get after 3 years? 2) If

    asked by kelvin on May 11, 2018
  10. Math

    What would the interest rate be if you put 2000 in the bank for 10 years and earned 1200 in interest?

    asked by alkdjf on September 17, 2009

More Similar Questions