$3000 is invested for a period of 3 years at a rate of 6% compound monthly. What will the balance in the account be at the end of 3 years?

The final balance is $3,590.04.

The total compound interest is $590.04.

bai :>

Hence, the total amount of money that the investor would have after 6 years will be $ 536.04 .

Step-by-step explanation

1/3 + 1/3 ≠ 2/6 because 1/3 alone = 2/6  

step by step explanation:

1/3 + 1/3 = 2/3       2/3=4/6

you didn't post any answer choices, so its not 100% clear what your teacher is looking for

however, log(15/7) is equivalent to log(15) - log(7)

i'm using the rule log(x/y) = log(x) - log(y)