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dem82 [27]
3 years ago
13

You invest $500 in an account that has a annual interest rate of 5%, compounded quarterly for four years. What is the equivalent

interest rate, and how many times will the money be compounded

Mathematics
1 answer:
posledela3 years ago
3 0

Answer:

1.25% and 16 times

Step-by-step explanation:

Since the interest is compounded quarterly it will be compounded 4 times a year. So 4 x 4 is 16, so it will be compounded 16 times.

Then you have to divide the 5% by four to get how much will be compounded each quarter. So, (0.05 / 4) = 0.0125, which is 1.25%.

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solniwko [45]

Hi there!  

»»————- ★ ————-««

I believe your answer is:  

1 (15/16)

»»————- ★ ————-««  

Here’s why:  

⸻⸻⸻⸻

\boxed{\text{Converting the Fractions...}}\\\\\rightarrow \frac{1}{2}=\frac{1*8}{2*8}=  \boxed{\frac{8}{16}}\\\\\text{We would only compare the fractions because we have the same whole number.}\\\\\frac{8}{16} 1\frac{1}{2}}

⸻⸻⸻⸻

»»————- ★ ————-««  

Hope this helps you. I apologize if it’s incorrect.  

6 0
2 years ago
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spayn [35]
Lo siento, solo necesito puntos
4 0
3 years ago
Solve by the quadratic formula. <br>a) 5<br>b) -1<br>c) 1<br>d) -1/2<br>e) 4​
stepan [7]

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I hope this helps a little bit.

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2 years ago
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The newborn weights 7 pounds and is 21 inches long. What is the ratio of weight to length?​
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Ahat [919]

Answer:

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Step-by-step explanation:

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