You invest $1000 in an accound that pays 7.9% interest, compounded monthly. How much money is in the account at the end of three years?

I hope the following example will help you

Step-by-step explanation:

Ex1: If $1000 is invested now with simple interest of 8% per year. Find the new amount after two years.

P = $1000, t = 2 years, r = 0.08.

A = 1000(1+0.08(2)) = 1000(1.16) = 1160

he spend 5.1 minutes chatting with his friends.

step-by-step explanation:

2/5+1/2=9/10

6/1-9/10=5.1

just do 5.2 + 2 ( 7.2) and 1/3 x 3 (.9) and youv'e got your equation. 0.9( 9/10) + 7.2 ^2 = 16.4 hope i could !

step-by-step explanation: