If $300 is invested at a rate of 5% per year and is compounded quarterly how much will the investment be worth in 15 years?
1 answer:
Answer:
In 15 years the final balance will be $632.15
Step-by-step explanation:
The final balance would be $632.15 and the total compound interest would be $332.15. If you have trouble with these kind of questions in the future I suggest using a compound interest calculator that can be found online :)
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Please mark brainliest.
Answer:
$54.37
Step-by-step explanation:
First, need to find 15% of 47.28.
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Then we add that to the original cost.
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Round your answer
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Hope this helped!
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