Algebra and Trigonometry (6th Edition)
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN: 9780134463216
Author: Robert F. Blitzer
Publisher: PEARSON
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This is Algebra with finances can someone help me with the Compound interest section
3. Rachel deposited $6,000 into a savings account that pays 4.75% compounded quarterly. How much will be in
her savings account at the end of 10 years? How much interest will her saving account earn in ten years?
4. Bob put $10,000 in a CD that paid 8% compounded monthly. How much will, be in the CD be worth in 7 years?
How much interest did the CD earn?
5. Jack put $5,000 into a retirement account that paid 8.2% interest compounded daily. How much will be in the
account in 15 years? How much interest did the account earn in 15 vears?
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Transcribed Image Text:3. Rachel deposited $6,000 into a savings account that pays 4.75% compounded quarterly. How much will be in her savings account at the end of 10 years? How much interest will her saving account earn in ten years? 4. Bob put $10,000 in a CD that paid 8% compounded monthly. How much will, be in the CD be worth in 7 years? How much interest did the CD earn? 5. Jack put $5,000 into a retirement account that paid 8.2% interest compounded daily. How much will be in the account in 15 years? How much interest did the account earn in 15 vears?
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