Answer:
7959.83
Step-by-step explanation:
A = P ( 1+r/n)^ nt
Where A is the amount in the account
P is the principal
r is the rate
n is the number of compoundings per year
t is the years
A =3000 ( 1+.10/2)^ 2*10
A =3000 ( 1+.05)^ 20
=7959.83
Answer:
$66,000
Step-by-step explanation:
if they earn 6,000 every year and another $600 through interest, add 6,000 + 600 = 6,600 x 10 = $66,000.
