3 years ago

Need help on 7 simplest form

Mathematics

2 answers:

Olegator [25]3 years ago

6 0

Hopefully the picture is clear enough but I got 1 and 1/20

Ksju [112]3 years ago

4 0

I think it's 1 and 1/20

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$4000 for 2years at 5% compounded quarterley

NeTakaya

$\bf \qquad \textit{Compound Interest Earned Amount}
\\\\
A=P\left(1+\frac{r}{n}\right)^{nt}
\qquad 
\begin{cases}
A=\textit{accumulated amount}\\
P=\textit{original amount deposited}\to &\$4000\\
r=rate\to 5\%\to \frac{5}{100}\to &0.05\\
n=
\begin{array}{llll}
\textit{times it compounds per year}\\
\textit{quarterly, meaning 4 times}
\end{array}\to &4\\

t=years\to &2
\end{cases}$