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moustafa55
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bob invests $3700 in an account paying 3% compounded monthly . how much is in the account after 8 months?
 2 years ago
 2 years ago
moustafa55 Group Title
bob invests $3700 in an account paying 3% compounded monthly . how much is in the account after 8 months?
 2 years ago
 2 years ago

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mr.luna Group TitleBest ResponseYou've already chosen the best response.1
use your eqauation you have all the inputs. principal, rate, and time. i dont remeeber it but if you post it i can give it a shot
 2 years ago

Chlorophyll Group TitleBest ResponseYou've already chosen the best response.0
Do you know Compound interest formula?
 2 years ago

moustafa55 Group TitleBest ResponseYou've already chosen the best response.0
is it A= p(1+r/n) ^n*t
 2 years ago

moustafa55 Group TitleBest ResponseYou've already chosen the best response.0
i treid it but i didnt get the right answer
 2 years ago

mr.luna Group TitleBest ResponseYou've already chosen the best response.1
alrite so , a=3700(1+(.03/n))^n8
 2 years ago

moustafa55 Group TitleBest ResponseYou've already chosen the best response.0
the answer is 3774.65
 2 years ago

Chlorophyll Group TitleBest ResponseYou've already chosen the best response.0
Great job at knowing your formula correctly :)
 2 years ago

moustafa55 Group TitleBest ResponseYou've already chosen the best response.0
but i dont kno how to do it
 2 years ago

Chlorophyll Group TitleBest ResponseYou've already chosen the best response.0
Compounded monthly > n = 12
 2 years ago

moustafa55 Group TitleBest ResponseYou've already chosen the best response.0
ok ill try it out
 2 years ago

moustafa55 Group TitleBest ResponseYou've already chosen the best response.0
what do i put for t?
 2 years ago

moustafa55 Group TitleBest ResponseYou've already chosen the best response.0
i still did not get the answer
 2 years ago

Chlorophyll Group TitleBest ResponseYou've already chosen the best response.0
Show us how do you calculate it?
 2 years ago

Chlorophyll Group TitleBest ResponseYou've already chosen the best response.0
n = 12, n * t = 12 * 8/12 = 8
 2 years ago
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