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A woman invests $5600 in an account that pays 6% interest per year, compounded c

Algebra
Tutor: None Selected Time limit: 0 Hours

(a) What is the amount after 3 years? (Round your answer to the nearest cent.)

 

(b) How long will it take for the amount to be $8000? (Round your answer to two decimal places.)
 yr
Apr 17th, 2015

A. A=Pe^rt
A=6500(2.7183)^.06*3=7781.9
B. 2.09.,.,.,.,.,.,.,,.,.,.,.,.,.,.,.,..,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,
Apr 17th, 2015

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Apr 17th, 2015
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Apr 17th, 2015
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