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Mars2501 [29]
3 years ago
10

A principal of $835 is invested in an account at 4% per quarter simple interest which of the following sequences describes the d

ollar amount of principal in the account of quarterly intervals
Mathematics
1 answer:
netineya [11]3 years ago
7 0
To solve the question we use the compound interest formula which is given by:
A=p(1+r)^(nt)
where:
A=future value
p=principle
r=rate
n=number of terms
t=time
thus plugging in the values in the formula we shall have:
A=835(1+0.04)^(4t)
simplifying this we get the sequence:
A=835(1.040)^(4t)
Thus the answer to the sequence will be:
A=835(1.040)^(4t)

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