3 years ago

Pls i need help of this

1 answer:

6 0

M = 4(d + 6)

m is marcus

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kotegsom [21]

Answer: $1114.91

Step-by-step explanation:

The formula for compound interest is

$A= P(1+\frac{r}{n})^{nt} \\$

Where

A = final amount

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r = interest rate (0.04 for this)

n = number of times interest applied per time period (2 for this)

t = number of time periods elapsed (2 for this)

$A= 1030(1+\frac{.04}{2})^{(2)(2)} \\\\A= 1030(1+0.02)^{4} \\A=1030(1.02)^4\\A=1114.905125$

This rounds up to $1114.91

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3 years ago