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r-ruslan [8.4K]
3 years ago
9

Simplify the following expression.

Mathematics
2 answers:
kicyunya [14]3 years ago
7 0

Answer:

it is C.1/49

Step-by-step explanation:

Tom [10]3 years ago
7 0

Answer:

the answer is c

Step-by-step explanation:

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After 6 years, what is the total amount of a compound interest investment of $35,000 at 4% interest, compounded quarterly?
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The interest will be compounded quarterly every year, it means in each year the interest will be calculated 4 times.

In 6 years in total 6 \times4 = 24 times the interest will be calculated.

The yearly interest rate is 4%. Hence, the quaterly interest rate will be \frac{4}{4} = 1%.

Hence, after calculating 24 times, the amount will be turned to 35000 \times (\frac{101}{100} )^{24} = 44440.7127≅  44441.

Hence, the total compound interest is $(44441 - 35000) = $9441

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