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lutik1710 [3]
3 years ago
6

Suppose $1750 is put into an account that pays an annual rate of 4.5%

Mathematics
1 answer:
Yanka [14]3 years ago
6 0

Answer:

The amount in the account after six years is $2,288.98

Step-by-step explanation:

In this question, we are asked to calculate the amount that will be in an account that has a principal that is compounded quarterly.

To calculate this amount, we use the formula below

A = P(1+r/n)^nt

Where P is the amount deposited which is $1,750

r is the rate which is 4.5% = 4.5/100 = 0.045

t is the number of years which is 6 years

n is the number of times per year, the interest is compounded which is 4(quarterly means every 3 months)

we plug these values into the equation

A = 1750( 1 + 0.045/4)^(4 * 6)

A = 1750( 1 + 0.01125)^24

A = 1750( 1.01125)^24

A = 2,288.98

The amount in the account after 6 years is $2,288.98

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This means that:

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The factored form of this polynomial is :

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(The upcoming and this sentence is pre-written and copy and pasted in every brainly question or comment I write or answer.) If this answer helped you please consider giving it brainliest. If my answer was wrong and you got marked wrong for it, I deeply apologize and hope you will forgive me, since everyone makes mistakes sometimes. If you need me to elaborate on my answer or give further explanation on it, please ask and I will do so. If you need to explain your reasoning on your work feel free to use my words- word for word- without crediting me, the answer was made for you anyways! Hope yall learn from my answer and it helps you in the future with assignments, quizzes, test’s, and more!

- •Trix•

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