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3 years ago

1 pts

Mathematics

1 answer:

balu736 [363]3 years ago

8 0

9514 1404 393

Answer:

$935.11

Step-by-step explanation:

The amount is given by the formula ...

A = P(1 +r/n)^(nt) . . . P invested at rate r for t years compounded n per year

A = $850(1 +0.024/2)^(2·4) = $935.11

The amount accumulated will be $935.11 after 4 years.

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