Anya's parents will have $44,440.71 after 6 years if they invested in a bank.
The interest rate given is an annual rate yet will be compounded quarterly. You therefore need to convert the interest rate to a quarterly rate.
= 4% / 4 quarters
= 1% per quarter
Number of periods:
= Number of years x Number of quarters in year
= 6 x 4
= 24 quarters
The amount they will have in their account is:
<em>= Amount x ( 1 + rate) ^ number of periods </em>
= 35,000 x ( 1 + 1%)²⁴
= $44,440.71
In conclusion, they will have $44,440.71 if they invested their money in a bank for 6 years.
<em>Find out more at brainly.com/question/13861384.</em>
Answer:
the answer is ( x-9) (x+1) = 0
Step-by-step explanation:
more to the solution is x= -1, 9
Answer + step-by-step explanation:
7/10 as a decimal would be 0.7.
7/10 or 0.7 in a word form would be seven tenths.
<em><u>Hope this helps, if my answer or explanation is wrong </u></em>
<em><u>feel free to message me in the comments :).</u></em>
- genius423
Answer:
3384
Step-by-step explanation:
