Question

Suppose you deposit $900 in an account with an annual interest rate of 5% compounded quarterly. Use the formula A=P(1+rn)nt and round each answer to 2 decimal places, if necessary. a. Find an equation that gives the amount of money in the account after t years. A(t)= b. Find the amount of money in the account after 6 years. After 6 years, there will be _$ in the account. c. How many years will it take for the account to contain $1800? It will take years for there to be $1800 in the account. d. If the same account and interest were compounded continuously, how much money would the account contain after 6 years? With continuous compounding interest, there would be $ in the account after 6 years.

          Suppose you deposit $900 in an account with an annual
interest rate of 5% compounded quarterly. Use the
formula A=P(1+rn)nt and round each answer to 2 decimal
places, if necessary.
a. Find an equation that gives the amount of money in the
account after t years. 
A(t)=
b. Find the amount of money in the account
after 6 years.  
After 6 years, there will be _____$ in the
account.
c. How many years will it take for the account to
contain $1800? 
It will take  years for there to be $1800 in
the account.
d. If the same account and interest were compounded
continuously, how much money would the account contain
after 6 years? 
With continuous compounding interest, there would be ____$ in
the account after 6 years.

Added by Charles P.

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