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4 years ago

Walters savings account has a balance of $273. After 5 years, what will the amount of interest be at 5% compounded quarterly?

1 answer:

7 0

The answer is $350

The formula is as follows: $P(1+r/n) ^{nt}$

P: Principal Amount : $273
r: Rate of interest: 5%
n: number of times the interest is compounded: 4 (Since Quarterly)
t: number of years : 5

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3 years ago

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oksano4ka [1.4K]

It took him 9.92 hours to complete the journey.

Step-by-step explanation:

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3 years ago

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3 years ago

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alexandr1967 [171]

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4 years ago

According to the graph of F(x), which of the statements below are true? check all that apply

pychu [463]

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4 years ago