Answer:
Dividing the compound inequality by 3 we get -5 ≤ n ≤ 2. The integers that satisfy this are -5, -4, -3, -2, -1, 0, 1 and 2.
Amount in compound interest = p(1 + r/t)^nt where p is the initial
deposit, r = rate, t = number of compunding in a period and n = period.
Here,
Amount after 4 years = 500(1 + (2/100)/3)^(4 x 3) = 500(1 +
0.02/3)^12 = 500(1 + 0.0067)^12 = 500(1.0067)^12 = 500(1.083000) =
$541.50
Answer:
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Step-by-step explanation:
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