Question

Jason's savings account has a balance of $2179. After 5 years, what will the amount of interest be at 6% compounded quarterly?

Answer 1

u must be working it out

Answer 2

\[A=P \left( 1+\frac{ R }{ 100 } \right)^{T}\]
\[A=2179\left( 1+\frac{ 6 }{4*100 } \right)^{5*4}=2179\left( \frac{ 203 }{ 200 } \right)^{20}\]
Solve it.

Answer 3

compound interest=A-P

Answer 4

$746.80

Answer 5

this what i got

Answer 6

i calculated, it is 755.80 $

Answer 7

ok help me with this one

Answer 8

Nora's savings account has a balance of $3979. After 4 years, what will the amount of interest be at 12% compounded semiannually?

Answer 9

i got this $2367.92

Answer 10

\[A=3979\left( 1+\frac{ 12 }{ 2*100 } \right)^{4*2}=3979*\left( \frac{ 53 }{ 50 }\right)^{8}=6341.92\]
Interest=6341.92-3979=2362.92 $

Answer 11

whats your email?

Answer 12

sshayer52@gmail.com

Answer 13

ok ill email u later tonight for help