math

You have 700 dollars in your bank account. Suppose your money is compounded every month at a rate of 0.5 percent per month.
(a) How much do you have after t years.
(b) How much do you have after 100 months

  1. 👍 0
  2. 👎 0
  3. 👁 171

Respond to this Question

First Name

Your Response

Similar Questions

  1. math

    You have 700 dollars in your bank account. Suppose your money is compounded every month at a rate of 0.5 percent per month. (a) How much do you have after t years. (b) How much do you have after 100 months

    asked by Anonymous on May 12, 2010
  2. math

    I have been staring at this problem forever, and cant seem to dig it up in my book. Please help! Two competing bank are trying to attract customers. (a) Ally Bank has an account which earns 25% interest every 10 years. Assuming

    asked by fawn on January 8, 2013
  3. math

    Mike has 700 dollars in a bank account. The bank account earns 4.5% interest, compounded annually. a) Write an equation that models this situation b) How much interest will have Jerome have earned in 10 years?

    asked by lilly on March 18, 2019
  4. math

    2. Susan has a bank account in Bank of America. She takes out 600 dollars a month for rent. 3 month later, she has $3,200. What is the linear equation that describes Susan’s situation? How much did Susan start with in her bank

    asked by jarron on September 29, 2013
  5. 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
  6. Finite Mathematics

    Jessica wants to accumulate $14,000 by the end of 5 yr in a special bank account, which she had opened for this purpose. To achieve this goal, Jessica plans to deposit a fixed sum of money into the account at the end of the month

    asked by Salvany on February 7, 2011
  7. Math help

    Samantha finds a bank, Star Bank, which offers a CD account with a 2% interest rate every month. Star Bank’s interest is not compounded. The interest is based on the original amount of deposit. Remember that Samantha has $500 to

    asked by Anonymous on January 24, 2016
  8. college algebra

    Ivan is putting money into a checking account. Let y represent the total amount of money in the account (in dollars). Let x represent the number of weeks Ivan has been adding money. Suppose that x and y are related by the equation

    asked by Bessie on February 24, 2016
  9. Math

    Kendal spent 1/3 of her money on an mp3 player. The next week, she earned 25 dollars from baby sitting and deposited it in her bank account. Her bank account is now at 115 dollars. How much did she start out with?

    asked by Abbie on May 3, 2016
  10. Alg2

    Help....Help... Suppose you deposit a principal amount of p dollars in a bank account that pays compound interest. If the annual interest rate r (expressed as a decimal) and the bank makes interest payments n times every year, the

    asked by Rock on December 12, 2011

More Similar Questions