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$700 principle earnings 2.25%, compounded quarterly,after 6 years the answers are/a. $799.98/b.$17,178.00/c.$800.87/d. 723.96

$700 principle earnings 2.25%, compounded quarterly,after 6 years the answers are/a. $799.98/b.$17,178.00/c.$800.87/d. 723.96
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$700 principle earnings 2.25%, compounded quarterly,after 6 years the answers are/a. $799.98/b.$17,178.00/c.$800.87/d. 723.96

User Vadiklk
by
7.8k points

1 Answer

9 votes

Total = 700 * (1.0225)^6

Total = 700 * 1.1428254416

Total = 799.98

User Dan Nichols
by
8.4k points
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