You deposit $7,900 in an account that pays 1.29% annual interest. Find the balance after 5 years when theinterest is compounded
quarterly.
•$10,293.78
•$8,132.89
•$9,378.23
•$8,425.47
1 answer:
Answer:
8,425.47
Step-by-step explanation:
Total Principal: $7,900.00
Total Interest: $525.47
interest rate of 1.29% compound quarterly is equivalent to annual rate of 1.296%
You might be interested in
Answer:
B
Step-by-step explanation:
4x-5y=2 ...(1)
10x-21y=10 ...(2)
(1)+2(2) gives
24x-47y=22
How many more frames does Tracy need?
This is how you do it: (in the picture)
The answer to your question is 11 world championships
Answer
P=196
P=4A=4·2401=196