Question

@countonme123

Tatiana is thinking about putting $200 in a savings account that earns 4% interest compounded quarterly. She wants to keep that money in the account for 4 years. Which of the formulas below can help her calculate how much money she will have at the end of the 4 years?

A. $200(1 + 0.02)8
B. $200(1 + 0.04)4
C. $200(1 + 0.01)16
D. $200(1 + 0.16)1

Answer 1

ok obviously we start with the balance 200 then 4 percent interest which is 0.04 and then 4 years so multiply by 4

Do you understand now?

Answer 2

yes so its b then

Answer 3

yuppers