3 years ago

I will give brainiest to whoever answers correctly !!

Mathematics

1 answer:

Diano4ka-milaya [45]3 years ago

7 0

Answer:

$10511.075

Step-by-step explanation:

Given :

Interest rate, r =. 1.25% = 0.0125 compounded semianually

Principal = 10000

Number of years, t = 4 years

Compound interest :

A = P(1 + r/n)^nt

A = final amount ; n = number of compounding times per period

n = 2 (quarterly)

A = 10000(1 + 0.0125/2)^2*4

A = 10000(1 + 0.00625)^8

A = 10000(1.00625)^8

A = 10000 * 1.051107529

A = 10511.075

Final. Amount to. Be repaid = $8515.13

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