3 years ago

Helps fast plzzzzzzzzz

Mathematics

2 answers:

vovikov84 [41]3 years ago

7 0

Answer:

<em>5k - 90, </em>is the answer

laiz [17]3 years ago

3 0

Answer:

I believe it would be the third option; 5k = 90

Please let me know if I'm incorrect.

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alexandr402 [8]

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You need 10,000 to pay for your final college tuition. you find a loan it is compounded quartely at 6.25% for 10 years. how much

Amanda [17]

$\bf ~~~~~~ \textit{Compound Interest Earned Amount}
\\\\
A=P\left(1+\frac{r}{n}\right)^{nt}
\quad 
\begin{cases}
A=\textit{accumulated amount}\\
P=\textit{original amount deposited}\to &\$10000\\
r=rate\to 6.25\%\to \frac{6.25}{100}\to &0.0625\\
n=
\begin{array}{llll}
\textit{times it compounds per year}\\
\textit{quarterly, thus four}
\end{array}\to &4\\
t=years\to &10
\end{cases}
\\\\\\
A=10000\left(1+\frac{0.0625}{4}\right)^{4\cdot 10}
\\\\\\
A=10000(1.015625)^{40}\implies A\approx 18592.39366677226890$