Register
find the balance in the account after the given period $500 principal earning 4% compound quarterly after 6 years
57.5k views
3 votes
find the balance in the account after the given period $500 principal earning 4% compound quarterly after 6 years

User David Smiley
by
8.4k points

2 Answers

3 votes

Answers

1. b

2. d

3. b

4. b

5. a

6. c

7. b

8. b

9. b

10. d

11. b

12. c

User Tintu
by
8.6k points
0 votes
A=P(1+r/100)^n
A=500(1+4/400)^24
A=500(1.01)^24
A=634.87
User Sarme
by
7.9k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Write words to match the expression. 24- ( 6+3)
A dealer sells a certain type of chair and a table for $40. He also sells the same sort of table and a desk for $83 or a chair and a desk for $77. Find the price of a chair, table, and of a desk.
Link Copied!