Answer:
14
Step-by-step explanation:
40 plus 2 is 42
42 divided by 3 is 14
Answer:
first option
Step-by-step explanation:
..........
Answer:
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Step-by-step explanation:
Answer:
Kindly check explanation
Step-by-step explanation:
Using the compound interest formula :
A = P(1 + r/n)^nt
A = final amount ; r = rate ; n = number of compounding times per period ; t = period ; P = principal
P = 2500 ; r = 4% = 0.04 ; t = 5 years
Daily compounding, n = 365
Yearly compounding, n = 1
Quarterly compounding, n = 4
Daily compounding :
A = 2500(1 + 0.04/365)^(5*365)
A = 2500(1.0001095)^1825
A = $3053.4734
Yearly :
A = 2500(1 + 0.04/1)^(5*1)
A = 2500(1.04)^5
A = $3041.6323
Quarterly:
A = 2500(1 + 0.04/4)^(5*4)
A = 2500(1.01)^20
A = $3050.4751
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