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22 votes
Help please i need to turn this in

Help please i need to turn this in-example-1
User Braunson
by
5.7k points

1 Answer

8 votes

Answer:

Q3 = $5743.49117291326

Q4 = $10955.6157151671

Explanation:

General formula for amount in Compound Interest

Amount [A] =
P(1+r)^(t)

Here, P = principal

r = rate of interest in decimal form

t = time in years

Q3

----

Substitute current values in question with formula to give you

$5743.49117291326

Q4

----

Substitute current values in question with formula to give you

$10955.6157151671

User Jdstaerk
by
5.4k points