Isabel deposits $6,000 into an account that earns 1.5% interest compounded monthly. assuming no more deposits and no withdrawals are made, how much money is in the account after 4 years?

Step-by-step explanation:

The amount collected when compounded monthly

Where,

A = Total Amount (principal + interest)

P = Principal Amount

I = Interest Amount

r = Monthly nominal interest Rate

t = Time Involved in years

n = number of compounding periods per unit

Substituting the values in above equation, we get -

the final function for the graph becomes x-2=-1. before graphing you solve the equation, where x=1. then graph accordingly.   ( on the x-axis, 1 on the line will possess a vertical line.)