Question

Hope y’all are having a good day

Answer 1

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!)