Question

Use the formula $A=P(1+r)^t$ for Exercises 110-113. Find the amount in an account after 3 years if the initial investment is $\$ 4000$, invested at $6 \%$ interest compounded annually. 

   Use the formula $A=P(1+r)^t$ for Exercises 110-113.
 Find the amount in an account after 3 years if the initial investment is $\$ 4000$, invested at $6 \%$ interest compounded annually.
Beginning And Intermediate Algebra
Beginning And Intermediate Algebra
Julie Miller, Nancy… 2nd Edition
Chapter 5, Problem 112 ↓
AceChat toggle button
Close icon
Ace pointing down

Please give Ace some feedback

Your feedback will help us improve your experience

Thumb up icon Thumb down icon
Thanks for your feedback!
Profile picture
Use the formula $A=P(1+r)^t$ for Exercises 110-113. Find the amount in an account after 3 years if the initial investment is $\$ 4000$, invested at $6 \%$ interest compounded annually.
Close icon
Play audio
Feedback
Powered by NumerAI
David Collins Ivan Kochetkov
Danielle Fairburn verified

Erika Bustos and 87 other educators are ready to help you.

Ask a new question
*

Labs

-

Want to see this concept in action?

NEW

Explore this concept interactively to see how it behaves as you change inputs.

View Labs
*

Recommended Videos

-
use-the-formula-ap1rt-find-the-amount-in-an-account-after-3-years-if-the-initial-investment-is-400-2

Use the formula $A=P(1+r)^{t}$. Find the amount in an account after 3 years if the initial investment is $\$ 4000,$ invested at $6 \%$ interest compounded annually.

Prealgebra & Introductory Algebra

Polynomials and Properties of Exponents

Multiplying and Dividing Expressions with Common Bases

use-the-formula-ap1rt-find-the-amount-in-an-account-after-3-years-if-the-initial-investment-is-4000-

Use the formula $A=P(1+r)^{t}$. Find the amount in an account after 3 years if the initial investment is 4000 dollars , invested at $6 \%$ interest compounded annually.

Beginning and Intermediate Algebra

Polynomials and Properties of Exponents

Exponents: Multiplying and Dividing Common Bases

use-the-formula-ap1rt-find-the-amount-in-an-account-after-4-years-if-the-initial-investment-is-100-2

Use the formula $A=P(1+r)^{t}$. Find the amount in an account after 4 years if the initial investment is $\$ 10,000$, invested at $5 \%$ interest compounded annually.

Prealgebra & Introductory Algebra

Polynomials and Properties of Exponents

Multiplying and Dividing Expressions with Common Bases

*

Transcript

-
00:01 We need to find the final amount in account that has $4 ,000 at 6 % interest in three years.
00:06 So we have $4 ,000, 1 plus .06 to the third power...
Need help? Use Ace
Ace is your personal tutor. It breaks down any question with clear steps so you can learn.
Start Using Ace
Ace is your personal tutor for learning
Step-by-step explanations
Instant summaries
Summarize YouTube videos
Understand textbook images or PDFs
Study tools like quizzes and flashcards
Listen to your notes as a podcast
Continue solving this problem
Create a free account to:
  • View full step-by-step solution
  • Ask follow-up questions with Ace AI
  • Save progress and study later
Continue Free
Numerade

Get step-by-step video solution
from top educators

Continue with Clever
or



By creating an account, you agree to the Terms of Service and Privacy Policy
Already have an account? Log In

A free answer
just for you

Watch the video solution with this free unlock.

Numerade

Log in to watch this video
...and 100,000,000 more!


EMAIL

PASSWORD

OR
Continue with Clever