Question

50 points for each answer.

Answer 1

Answer:

The correct answer is 12.96

Step-by-step explanation:

You would multiply the compound for every year, given that there is 6 years your answer would be 12.96.

Answer 2

Answer:

A=$3.973.42

Step-by-step explanation:

First, convert R as a percent to r as a decimal

r = R/100

r = 2.12/100

r = 0.0212 rate per year,

Then solve the equation for A.

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

$A = 3,500.00(1 + 0.0212/4)^{(4)}^{(6)}$

$A = 3,500.00(1 + 0.0053)^{(24)}$

$A = 3,973.42$

Summary:

The total amount accrued, principal plus interest, with compound interest on a principal of $3,500.00 at a rate of 2.12% per year compounded 4 times per year over 6 years is $3,973.42.

Hope this helps! Brainliest would be much appreciated! Have a great day! :)