Question

Help no direct answers plz explain

Skylar plans to use $3400 to open a savings account with an annual interest rate of 1.15%. How much more interest will he earn over 13 years if he chooses a compound interest account that compounds interest quarterly instead annually? Round your answer to the nearest cent.

interest compounded annually: A = P (1 + r)t
interest compounded quarterly: A = P (1+r/4)4t

Answer 1

@Zeronknight
@LoveIt
@Hayhayz
@OswinOswald
@heacain

Answer 2

@jhonyy9

Answer 3

I don't know sorry. But l'll tag some people.
@rebeccaxhawaii @mathmale

Answer 4

Plug it in.

P = 3400

R = 1.15%

Time = 13

Answer 5

interest compounded annually: A = 3,400 (1 + 1.15% (put this to decimal if using calculator) )^13

interest compounded quarterly: A = 3,400 (1+1.15%/4)4^13


(is it even exponent? Check this, sometimes then you copy it, it doesn't put it as exponent form. If not, just block out the '^'. USE PEMDAS),.

Answer 6

I still don't get it

Answer 7

39.1

Answer 8

are you still their

Answer 9

PEMDAS:

1: P or ( - )


1.15 / 100 = 0.0115.

0.0115 + 1 = 1.0115

2: exponent. (is it ^t or regular t?)

Answer 10

Is it exponent T or just plain T. You need to tell me. I don't want to give you the incorrect formula.

Answer 11

yes plug those things in like Ms. Smart is telling you then subtract the difference
the information is given plug it into the fomulas

Answer 12

^


Thank you Rebecca.

Answer 13

no.. thank you. great work ! c:

Answer 14

wats up

Answer 15

it is c

Answer 16

do you still need help