your bank offers 6% annual interest , compounded monthly. If you start with $500 in your account, how much will you have after 3 months

brainliest??

Step-by-step explanation:

Example 3: How much money would you need to deposit today at 9% annual interest compounded monthly to have $12000 in the account after 6 years? ⎝ ⎠ Plug in the given information. P = 7007.08 Round your final answer to two decimals places. You would need to deposit $7007.08 to have $12000 in 6 years.

Calculating monthly compound interest

Divide your interest rate by 12 (interest rates are expressed annually, so to get a monthly figure, you have to divide it by the number of months in a year.)

Add 1 to this to account for the effects of compounding.

a negative exponent is translated as follows:

so, we have

c.

step-by-step explanation:

because first you have to add the 4x, 9x, and the 7x together and you get 20x and then you add the last numbers up and you get 5and then you put the subtraction sign in there and that's how you get the answer.