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. 👍
  2. 👎
  3. 👁

Respond to this Question

First Name

Your Response

Similar Questions

  1. PRE-CALCULUS

    . Sam won $150,000 in the Michigan lottery and decides to invest the money for retirement in 20 years. Find the accumulated value for Sam’s retirement for each of his options: (a) a certificate of deposit paying 5.4% compounded

  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

  3. Algebra 1

    The amount of money in an account may increase due to rising stock prices and decrease due to falling stock prices. Nathan is studying the change in the amount of money in two accounts, A and B, over time. The amount f(x), in

  4. Math

    Jessica wants to accumulate $15,000 by the end of 4 years 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

  1. math

    Karen opens a savings account with $1500. She deposits $100 every month into the account that has a 0.85% interest rate, compounded annually. If she doesn’t withdraw any money, what will the account balance be in 10 years?

  2. 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

  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

  4. 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

  1. 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

  2. Math

    A savings account at Xyz bank offers 4% interest, compounded annually. How much money must I invest today in order for the account to grow to $5,000 in ten years? Answer to the nearest whole dollar.

  3. Math

    To save money, you put $200 in your bank account each week. After saving for 4 weeks, you have $1,700$ dollars in your account. Which equation models your savings account balance at the end of each week? A.) y-4=200(x-1700) B.)

  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

You can view more similar questions or ask a new question.