Question

Find the amount accumulated after investing a principle P for T years at an interest rate compounded k times per year.

Answer 1

1. $3500(1+ \frac{.05}{4}) ^{4*10}$
$3500(1+.0125) ^{40}$
3500(1.64) = 5740

2. $25300(1+ \frac{.045}{12} ) ^{12*25}$
$25300(1+.00375) ^{300}$
25300(3.07) = 77671

Hope that helps.  Feel free to ask any questions