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Oliga [24]
3 years ago
12

Please help!!!!!!!!!!!!!!!!!!

Mathematics
1 answer:
Semmy [17]3 years ago
5 0
5719 hope that helps
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At 22 years of age, Nicolas and Troy have started their first full-time jobs, and Troy decides to place $10,000 in a savings pla
grigory [225]

Answer:

The correct answer 8486.

Step-by-step explanation:

Given:

Troy - P pr principle amount = 10000

rate = 9%

time = 60-22 = 38

intrest at every three months so time = t = 38*4 = 132

Nicohlas

P = x

rate = 10%

time = 60 -45 = 15

every month compounded = 15*12=180

solution:

the formula of compound intrest = P (1 + r/n)^(nt)

where n = number of counded intrests per year

puting formula for troy=

10000 (1+9/4)^132

= 294,322.96 .....1

now for nicolas

I = x(1+10/12)^180

x = 294,322.96/(1+10/12)^180

= 8486.

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3 years ago
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