Answer:
$38,562.5
Step-by-step explanation
Using the compound interest formula
A = P(1+r/n)^nt
P is the principal = $125,000
r is the rate = 6% = 0.06
time t = 5years
n = 0.25 (quarterly payment)
Substitute
A = 125000(1+0.06/0.25)^5(0.25)
A = 125000(1+ 0.24)^1.25
A = 125000(1.24)^1.25
A = 125000(1.3085)
A = 163,562.5
Hence the interest earned = 163,562.5 - 125000
interest earned = $38,562.5
The answer is 63
Hope that helps! :)
What’s standard form again? I forgot
Answer:
look it up
Step-by-step explanation:
476.00×5%=23.80 tax=476+23.80=499.80
499.80×15%=74.97
499.80+74.97=574.77