Question

$4000 for 2years at 5% compounded quarterley

Answer 1

$\bf \qquad \textit{Compound Interest Earned Amount} \\\\ A=P\left(1+\frac{r}{n}\right)^{nt} \qquad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\to &\ 4000\\ r=rate\to 5\%\to \frac{5}{100}\to &0.05\\ n= \begin{array}{llll} \textit{times it compounds per year}\\ \textit{quarterly, meaning 4 times} \end{array}\to &4\\ t=years\to &2 \end{cases}$