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Ksju [112]
2 years ago
10

Alex invests $12,500 in a savings account that pays 2. 75% interest compounded quarterly. How much money will he have in the acc

ount after 10 years?.
SAT
1 answer:
Molodets [167]2 years ago
3 0

The amount of money that he will have in the account after 10 years is $16441

<h3>What is compound interest?</h3>

Compound interest is the interest rate on a debt or deposit that is calculated using both the starting principal and the interest collected over time.

It can be calculated by using the formula:

\mathbf{A = P(1 + \dfrac{r}{n})^{nt}}

\mathbf{A = 12500 (1 + \dfrac{0.0275}{4})^{4 \times 10}}

A = $16441.155

A ≅ $16441

Learn more about compound interest here:

brainly.com/question/24924853

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The chemical equations that show  a reaction that occurs when someone takes an antacid are;

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<h3>What is the correct chemical equation?</h3>

Hydrochloic acid would normally react with the basic substances in the stomach. Now, these substances that react with hydrochloric acid in the stomach are magnesium hydroxide, sodium bicarbonate and calcium carbonate.

Thus, from the above dewscription, the chemical equations that show  a reaction that occurs when someone takes an antacid are;

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Read more about chemical equations at; brainly.com/question/11231920?source=archive

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