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zzz
[600]
3 years ago
12
Walters savings account has a balance of $273. After 5 years, what will the amount of interest be at 5% compounded quarterly?
Mathematics
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answer:
I am Lyosha
[343]
3 years ago
7
0
The answer is $350
The formula is as follows:
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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