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Hope y’all are having a good day

Hope y’all are having a good day-example-1
User WiRa
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Answer:

a)
y = 750(1+0.05/4)^(4t)

b) $914.92

Explanation:

a) The equation would be


y = 750(1+0.05/4)^(4t)

y is the future balance

t is the time

b)


y = 750(1+0.05/4)^(4(4))


y = 750(1.0125)^(16)


y = 750(1.2199)


y = 914.92

Hope this helped! :)

(And I hope you are having a great day too!)

User Altab Hossen
by
8.3k points

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