a1ll5ingracupch a1ll5ingracupch
  • 16-11-2016
  • Business
contestada

If a person deposited $50 a month for 6 years earning 8%, this would involve what type of computation

Respuesta :

Asahi
Asahi Asahi
  • 16-11-2016
50*12 =600 put 600$ a year 
600(1.08)^6   the power represents 6 years and 1.08 represents the percentage. (its gain so remember to add the 1 with 0.08.)

You earn $952.12 .


Answer Link

Otras preguntas

The US government has the power to transform the lives of young people, yet people under the age of 18 cannot vote. Write an essay that argues your viewpoint on
ANYONE PLZZZ THSI IS DUE IN AN HOUR!!!!! Will mark the brainliest
How did the Aztec empire control captured territories A letting local leaders keep some power B destroying all of their farms and mines C forcing them to give
A rectangle has a width of 9 units and a length of 40 units. What is the length of a diagonal? 31 units 39 units 41 units 49 units
nato and warsaw pact , What do the two treaties have in common?
If f(1)=1 and f(n)=5f(n−1)+5 then find the value of (4).
What was the effect of the 1911 revolution in China
health science question down below
Find the pH of a solution whose H+ concentration is 1.8 x 10-12​
How is the reproductive system different from other body systems? I