Question

Cain deposited $6,033 into a savings account 25 years ago. The account has an interest rate of 4.2% and the balance is currently $17,208.63. How often does the interest compound?

daily

monthly

quarterly

annually
@bakonloverk

Answer 1

omg thts wht the last question meant

Answer 2

yeah lol this one and the one we couldnt figure out are all i have left

Answer 3

you didnt have to give me a medal, i havent solved it yet

Answer 4

i know, but even if you dont, youve helped me a bunch

Answer 5

well thank you and i think i figured out how to solve tht other question

Answer 6

how?

Answer 7

you do tht last equation i gave you but then i think u do *.25 after it

Answer 8

if you do that, all the numbers become way to low

Answer 9

would deviding it by .25 work?

Answer 10

nope, numbers get somewhat close, like within a few hundred, but not close enough

Answer 11

:( hmm and i was trying an intrest calculator and cant find the answer for the current problem

Answer 12

thats what i tried doing as well

Answer 13

yea its not helping

Answer 14

dang this sucks.. do you have any idea on that bacteria culture growing question?

Answer 15

that dude kinda answered it but not really. just confused me

Answer 16

i only can think of half of it but then i looked at the choices and my answer wasnt one o the choices

Answer 17

okay, i tried guess-n-check on that one too and none of the answers worked for the pattern

Answer 18

it doesnt make sense to me

Answer 19

dang.. these are my last three questions. only things holding me back right now lol. stupid questions!

Answer 20

lol sorry

Answer 21

sorry for what? you helpd out alot! thank you!

Answer 22

ur welcome but i barely helped, i didnt get any one of ur questions

Answer 23

thats alright, it was fun:)

Answer 24

The answer is monthly

Answer 25

lol ig it was, i still wish i could help

Answer 26

thanks!

Answer 27

its all good!