3 years ago

WILL GIVE BRAINLIEST

Mathematics

1 answer:

Montano1993 [528]3 years ago

3 0

Step-by-step explanation:

Use the compound interest formula:

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

A is the amount at the end

P is the principal or original amount.

R is annual rate as a decimal (you have to convert)

N is the # of compounding periods in a year (quarterly means 4)

T is time in years

A = 500( 1 + 0.0475/4)^(4×20)

This would be $1285.64 when fully computed.

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