Mathematics: The formula for compound interest is A=P(1+) where n is the number of times interest is compounded per year. Jamal invests $3000 in an account that pays annual interest at a rate of 5%, compounded monthly. How much money will be in the account after 6 years? 3 of 5 QUESTIONS O A=3000(1+.05)=$4020.29 А O A=3000(1+0.05)=3153.16 O A =300017 3:35:12283542.24 O A =3000+ 0.05)2 =54047.05

The formula for compound interest is A=P(1+) where

leslylinares454

31.03.2021

$4047.05

Step-by-step explanation:

A = 3000[1 + (.05/12)]^12·6

A = 3000(1.00417)^72

A = 4047.05

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mathman2428

31.03.2021

4047.053232

Equation: y=3000(1.0041)[to the power of 72]

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nathang444

25.01.2023

Formula of simple interest rate: I=PxRxT

I=52$
P=400$
R=?
T=1 year

I=PxRxT
I/P/T=R
52/400/1=R
13%=R

The interest rate was 13% per year.

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