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Look up the compound interest formula.
A=1000(1+0.02/4)^(4*5) A=1105 this was my answer
for the first one
\(\Large A = P(1 + \dfrac{r}{n})^{nt}\) \(\Large A = $1000 \left( 1 + \dfrac{0.02}{4} \right) ^{4 \times 5}\) \(\Large A = $1104.90\) You are correct.
ok thank you c:
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ill work on the second one
Ok.
Did you get an answer for 2?
this is what I got A=720(1+0.062/2)^(2*5) A=977
@mathstudent55
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@princeharryyy
that's right. just calculate.
so is my answer for the second one correct?
yes. I googled ur calculation. it matches ur answer.
ok ty
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yw
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