Given that Meg invested $ 16,000 in a savings account, if the annual interest rate is 6%, to determine how much will be in the account in 5 years for quarterly compounding, the following calculation must be performed:
16,000 x (1 + 0.06 / 4) ^ 5x4 = X
16,000 x 1,015 ^ 20 = X
16,000 x 1.34685500 = X
21,549.68 = X
Therefore, in 5 years the account will be $ 21,549.68.
yes its ans is (3,3) fast you have see in x axis then y axis .so according to this we write 3 which lies in x- axis and then another 3 which lies in y-axis.
