Register
Frank deposited $100 into an account that earns 4% interest which is compounded 4 times per year how much will frank have in his account in 3 years
156k views
3 votes
Frank deposited $100 into an account that earns 4% interest which is compounded 4 times per year how much will frank have in his account in 3 years

User Naing Linn Aung
by
6.4k points

1 Answer

4 votes
A=100×(1+0.04÷4)^(4×3)
A=112.68
User Akshay Vaghasiya
by
6.2k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

7.1m questions

9.5m answers

Other Questions

How do you estimate of 4 5/8 X 1/3
Please solve the following equation. x-6x=56
whats the most accurate estimation of 65+77
Find the additive inverse of 18/23
What is 25% of 500.00
Link Copied!