Formula for Calculating Tensile Stress?

The formula for calculating the amount of money?

• The formula for calculating the amount of money returned for deposit money into a bank account or CD (Certificate of Deposit) is given by the following: A = P(1+r/n)^nt A is the amount of returned P is the principal amount deposited r is the annual interest rate (expressed as a decimal) n is the compound period t is the number of years Carry all calculations to 6 decimals on all assignments then round the answer to the nearest cent. Suppose you deposit $3,000 for 9 years at a rate of 6%. A.Calculate the return (A) if the bank compounds annually (n = 1).round your answer to the hundredth’s place show your work,use^to indicate the power. b.Does compounding annually or quarterly yeild more interest, explain why D.If a bank compound continuously, then the formula used is A=Pe^rt where e is a constant and equals approximately 2.7183. calculate A with continuous compounding. Round your answer to the hundredth's place.

• Answer:

  (A) 3000*(1+0.06)^9 = 5068.44 (B) quarterly; 3000*(1+0.06/4)^(4*9) = 5127.42 (C) left to Turling to answer