Initial Deposit = $7000
It means P= $7000
rate of interest = 10%
So , r = 0.10
compounded quarterly , so n = 4
and we have to find the amount after 5 years , So t = 5
Now the formula we use here is





So amount after 5 years = $11470.315
Answer:
Step-by-step explanation:
Answer:
It's 21.
Step-by-step explanation:
The factors of 9 are 3 and 3. (You need to multiply 3x3 to get 9.) The factors of 10 are 5 and 2. But, if you multiply 3 by 5, which gives you 15, and multiply the other 3 by 2, which gives you 6, and then add 6 to 15, you get 21.
Answer:
24.6
Step-by-step explanation: