Two thousand dollars is invested at 5.5 percent interest compounded
quarterly for 2 years. Then the amount is $ 2230.88
<u>Solution:</u>
Given that Two thousand dollars is invested at 5.5 percent interest compounded quarterly for 2 years
<em><u>The formula for amount using compounded quarterly is given as</u></em>:

Where, "p" is the principal sum
"R" is the rate of interest
"T" is the number of years
Here in this problem,
P = 2000 ; R = 5.5 ; T = 2 years
Plugging in values in formula we get,


On solving we get,

Hence the amount is $ 2230.88
Answer:
Quartic (4)
Step-by-step explanation:
The highest degree is represented by the 2z^4, which is a cubic function. Therefore, the degree of the polynomial is 4 and it is quartic.
Answer:
-2.225
Step-by-step explanation: