What's 7.2j = $93.24
1 answer:
You might be interested in
Final value = Initial value × (mutiplier)^n
We have;
Initial value = 9300
Multiplier = 100%+3.2% = 103.2% = 1.032
Number of quarters in a year = 4
Substitute all values into the formula, we have
rounded to two dp
We have;
Initial value = 9300
Multiplier = 100%+3.2% = 103.2% = 1.032
Number of quarters in a year = 4
Substitute all values into the formula, we have