Question 615333: A FAMILY INVEST SIX THOUSAND DOLLARS IN AN ACCOUNT PAYING THREE PERCENT COMPOUNDED MONTHLY. HOW MUCH IS IN THE ACCOUNT AFTER FOUR MONTHS? Answer by mananth(16946) (Show Source):
You can put this solution on YOUR website! Find Amount
Principal P = 6000
Amount= A
years=n 0.33
compounded 12 times a year t
Rate = 4.00 0.04
Amount = P*((n+r)/n)^n*t
