Answer:
$<em>150,858.5</em>
Step-by-step explanation:
The formula for calculating compound interest is expressed as;
A = P(1+r/n)^nt
P is the Principal = $124000.00
r is the rate = 12% = 0.12
t is the total time = 2 years
n is the time of compounding = 1/4 = 0.25(quarterly)
Substitute into the formula;
A= 124000(1+0.12/(0.25))^(0.25)(2)
A = 124000(1+0.48)^0.5
A = 124000(1.48)^0.5
A = 124000(1.2166)
A = 150,858.5
<em>The amount after 2 years if compounded quarterly is 150,858.5</em>
Answer:
1 54 2 132 3 334.58 4 103.18
Step-by-step explanation:
Answer:
d he didn't make a mistake
Step-by-step explanation:
so when is says comparing to one it means is the fraction greater than less than or equal to one and because 3/4 is less than one and 9/8 is greater than then 3/4 is less than 9/8 remember it always opens up to the larger number
Here’s the correct answer and how I got the answer :)
