Sarah took out a $30,000 loan at a 4% interest rate to put a new pool in her backyard. If the interest is compounded quarterly,
write a function to model this situation. How much interest will she have paid after 12 years?
1 answer:
Answer: $48,366.78
Step-by-step explanation:
3000(1+0.04/4) 4t
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45x+75y=1410 i hope this helps bc i’m pretty sure i’m learning the same thing but i hope this helps
PV × (1 + r/n)∧nt = FV
$70.00 × (1 + .16/4)∧4X25 = FV
$70.00 × (1 + .04)∧100 = FV
$70.00 × 50.50 = FV
$3535 =FV
The final amount is $3535
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