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Homework answers / question archive / If 4000 dollars is invested in a bank account at an interest rate of 6 per cent per year, Find the amount in the bank after 6 years if interest is compounded annually:__________ Find the amount in the bank after 6 years if interest is compounded quarterly:_________ Find the amount in the bank after 6 years if interest compounded monthly:__________ Finally, find the amount in the bank after 6 years if interest is compounded continuously:_________
If 4000 dollars is invested in a bank account at an interest rate of 6 per cent per year,
Find the amount in the bank after 6 years if interest is compounded annually:__________
Find the amount in the bank after 6 years if interest is compounded quarterly:_________
Find the amount in the bank after 6 years if interest compounded monthly:__________
Finally, find the amount in the bank after 6 years if interest is compounded continuously:_________