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>
You just multiply top times top and bottom times bottom and then find a number you can divide into the number and you keep doing that until you can't simplify any more.
Answer:
y = 
x + 4
Step-by-step explanation:
The equation of a line in slope- intercept form is
y = mx + c
Given
- 3x + 4y = 16 ( add 3x to both sides )
4y = 3x + 16 ( divide all terms by 4 )
y = x + 4 ← in slope- intercept form
The answer would be $2.47
