document.write( "Question 121440This question is from textbook intro & intermediate algebra
\n" ); document.write( ": IF you put 4,000 in a bank account earning 2.5%interest compounded mothly( twelve times a year), how much money will be in the account after 3 years? round answer to nearest penny. \n" ); document.write( "

Algebra.Com's Answer #89116 by checkley71(8403) $\"\"$ $\"About$

You can put this solution on YOUR website!
a=p(1+r/n)^tn a=amount, p=principal invested, r=rate, n=number of periods per year, t=number of years.
\n" ); document.write( "a=4000(1+.025/12)^3*12
\n" ); document.write( "a=4000(1.00208)^36
\n" ); document.write( "a=4000*1.0778
\n" ); document.write( "a=$4,311.20 answer. \n" ); document.write( "

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