• Support PF! Buy your school textbooks, materials and every day products Here!

Problem involving a system of equations

  • #1
17
0
Member warned that the template must be used

Homework Statement


If an amount of $1000 is deposited in a savings account that pays 3.2% interest per year compounded monthly, the amount in the account after nmonths is given by:



The amount in the account after 2 years (rounded to one decimal point) will be??
 

Answers and Replies

  • #2
phyzguy
Science Advisor
4,396
1,375
Two comments:

(1) We can't see the image you posted.

(2) You need to use the homework template and make an effort to solve the problem on your own before we can help.
 
  • #3
SammyS
Staff Emeritus
Science Advisor
Homework Helper
Gold Member
11,256
974

Homework Statement


If an amount of $1000 is deposited in a savings account that pays 3.2% interest per year compounded monthly, the amount in the account after nmonths is given by:


The amount in the account after 2 years (rounded to one decimal point) will be??
The Homework template looks the following.

Homework Statement



Homework Equations



The Attempt at a Solution



.
 
  • #4
33,273
4,982
Thread closed due to no attempt shown and template not used.
 

Related Threads on Problem involving a system of equations

  • Last Post
Replies
1
Views
993
Replies
5
Views
4K
Replies
1
Views
5K
Replies
18
Views
2K
Replies
3
Views
23K
Replies
8
Views
4K
Replies
4
Views
4K
  • Last Post
Replies
4
Views
3K
Top