Ask your own question, for FREE!
Mathematics 46 Online
OpenStudy (anonymous):

$10,000 is deposited in an account in which it earns 10% interest compunded monthly. No principal or interest is withdrawn from the account. Instead, both continue to earn interest overtime. Find the account balance after six months. a.) Using the simple interest future value formula to compute the balance at the end of each compounding period.

OpenStudy (anonymous):

10,000 (110/100)^6

OpenStudy (anonymous):

because 6 months, each month increases by 10 percent, 100 percent+10

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Latest Questions
EdwinJsHispanic: imma sing notion
3 hours ago 13 Replies 0 Medals
EdwinJsHispanic: another song for someone
3 hours ago 66 Replies 5 Medals
MakaylaChuck23: I need tips on how to expand my English vocabulary
7 hours ago 13 Replies 2 Medals
jinxthelovely: does my essay look good ( its due at 12 tn )
7 hours ago 11 Replies 6 Medals
danielfootball123: How do I create emojis on Questioncove?
1 day ago 10 Replies 0 Medals
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!