Ask Question
14 May, 12:54

Moxie wants to have 5000 how much money does she have to deposit in an account at 6% interest compounded 3 times per year in order to have 5000 at the end of 6 years

+3
Answers (1)
  1. 14 May, 14:18
    0
    Okay the simple interest formula is

    I=P*R*T

    I=interest

    P = Principle or starting amount

    R = rate

    T=Time in years
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Moxie wants to have 5000 how much money does she have to deposit in an account at 6% interest compounded 3 times per year in order to have ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers