Use the given information to find the amount in the account earning compound interest after six years with the principle is 3500 r equals 2.29% compounded monthly

The Amount in account after 6 years is $4014.976

Step-by-step explanation:

Given as :

The principal = p = $3500

The rate of interest = r = 2.29% compounded monthly

The time period = t = 6 years

Let The Amount in account after 6 years = $A

From Compound Interest method

Amount = Principal ×

Or, A = p ×

Or, A = $3500 ×

Or, A = $3500 ×

Or, A = $3500 × 1.147136

∴  A = $4014.976

So,The Amount in account after 6 years = A = $4014.976

Hence, The Amount in account after 6 years is $4014.976  Answer

d

step-by-step explanation:

d

6/20

step-by-step explanation: