Question

Find the compound amount. Round to the nearest cent.

Amount: $10,500
Rate: 6%
Compounded: quarterly
Time (Years): 5


$14,142.03
$14,051.42
$11,311.44
$11,287.50
I picked A but i'm double checking

Answer 1

@ganeshie8 @phi

Answer 2

@mathmath333

Answer 3

Well...
A = P (1 + r/n) ^ n

Answer 4

I did that

Answer 5

okay. Do you think you could show me your work, please? :)

Answer 6

I got $14,141.98

Answer 7

And what would you get if you rounded to the nearest cent? :)

Answer 8

A?

Answer 9

Yes! Great job :)

Answer 10

Awsome! I have a couple more I need someone to check, If I medal you for this one and open new ones could you help me? @InstagramModel

Answer 11

Of course :). My name is Hayley, Btw :)

Answer 12

Awesome :) Thanks hayley

Answer 13

Of course :D