The final amount if $10 000 invested for 6 years at 4% compounded quarterly is $12,697
<h3>Compound interest</h3>
The formula for calculating the compound interest is given as:
A = P(1+r/n)^nt
Given the following parameters
A = 10000(1+0.04/4)^4(6)
A = 10000(1+0.01)^24
A = 10000(1.01)^24
A = 1.2697(10,000)
A = $12,697
Hence the final amount if $10 000 invested for 6 years at 4% compounded quarterly is $12,697
Learn more on compound interest here: brainly.com/question/24924853
#SPJ1
Answer:
$856
Step-by-step explanation:
Find 7% of $800 and then add it to $800
Answer:31.9
Step-by-step explanation:
Answer:
The answer is D) 60
Step-by-step explanation:
Answer:
Step-by-step explanation:
For example, the base-8 numeral 23-8 contains two digits, "2" and "3", and with a base number (subscripted) "8". When converted to base-10, the 23-8 is equivalent to 19-10, i.e. 23-8 = 19-10.