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:
7 3/4+ (12 - 3 6/11)
31/4 + (12 - 3 6/11)
31/4 + (12 - 39/11)
31/4 + 93/11
= <u>7</u><u>1</u><u>3</u><u>/</u><u>4</u><u>4</u><u> </u><u>=</u><u> </u><u>1</u><u>6</u><u> </u><u>9</u><u>/</u><u>4</u><u>4</u>
Answer: X=7
Y=-2
Step-by-step explanation:
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Step-by-step explanation:
