Bank B offers 1% interest per month. This will grow with compound interest (interest already earned, earns more interest!) . If you invest $100 into the account at 0 months , how much money will you have after 6 months? a) Find an explicit rule for how much money is in the account after “n” months.
Bank B offers 1% interest per month. This will grow with compound interest (interest already earned, earns more interest!) . If you invest $100 into the account at 0 months , how much money will you have after 6 months? a) Find an explicit rule for how much money is in the account after “n” months.
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 16E
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Bank B offers 1% interest per month. This will grow with compound interest (interest already earned, earns more interest!) . If you invest $100 into the account at 0 months , how much money will you have after 6 months?
a) Find an explicit rule for how much money is in the account after “n” months.
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