4 years ago

After 5 years, what is the total amount of a compound interest investment of $32,000 at 3% interest, compounded quarterly?

Mathematics

1 answer:

Nataliya [291]4 years ago

6 0

$37,157.89 Hope that helps!

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Answer:

pair of pants = $53

Step-by-step explanation:

s = shirts

p = pair of pants

eq = equation

eq 1: 7s + 5p = 517

eq 2: s + p = 89

multiply the equation 2 by 7

eq 3: 7s + 7p = 623

negate equation 1 and add it to the eq 3

7s + 7p = 623

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Step-by-step explanation:

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