Answer: The balance when Emma turns 18 = $ 48,132.38
Step-by-step explanation:
When interest is compounded quarterly, the accumulated amount after t years will be :
, where P = principal, r= rate of interest( in decimal)
Given: P= $ 20,000 , r= 5% =0.05
t = 18 years
The balance when Emma turns 18 = $ 48,132.38
Answer:
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Hope this helps.
15.40, lol yeet, this one's EZ
It is not
It is not because this is an exponential function
y=x^2
1^2=1
2^2=4
3^2=9
4^2=16