Answer:
The final ballance will be $1300.37.
Step-by-step explanation:
In this case we have a compounded interest, in order to calculate the final balance we need to use the following formula:
S = P(1 + r/n)^(n*t)
Where S is the final balance, P is the initial investment, r is the rate of interest, t is the time and n is the rate at which it is compounded. Since we have all the values we can directly apply to the formula as follows:
S = 975.52*(1 + 0.0725/4)^(4*4)
S = 975.52*(1.018125)^(16)
S = 975.52*1.333
S = 1300.37
The final ballance will be $1300.37.
Answer:
The Taj Mahal
The Taj Mahal was built in 1648 by Shah Jehan as a memorial to his wife. Today, it is listed as one of the new Seven Wonders of the World. Mughal Emperor Shah Jahan, lost his wife Mumtaz Mahal on June 17,
Answer:
52
Step-by-step explanation:
