bewellplus.gsu.edu
ShaniceNierman ShaniceNierman
  • 20-07-2014
  • Mathematics
Answered

Walters savings account has a balance of $273. After 5 years, what will the amount of interest be at 5% compounded quarterly?

Verified Answer :

Sandy1729
Sandy1729 Sandy1729
  • 20-07-2014

The answer is $350

The formula is as follows: @@MATH_TOKEN_0@@

P: Principal Amount : $273
r: Rate of interest: 5%
n: number of times the interest is compounded: 4 (Since Quarterly)
t:  number of years : 5

Answer Link

Related Questions

Which value is the eighth term in the sequence an 1125 5n1 3125 125 625 25
When a car screeches to a sudden stop to avoid hitting a dog it slows down from 900 ms to 000 ms in 150 s Find the average acceleration of the car
Why is it important to determine the qcalorimeter before determining the qmetal
how do you seqence numbers like 1525125
Why does an egg float in water with a lot of salt but not in plain tap water
An equation is shown 34x15 What is the value of x
Why did people from Missouri come to Kansas and vote in 1855 a They wanted to make sure Kansas became proslave b Missouri had not allowed its citizens to vote o
A museum had 275608 visitors last year what is the number rounded to the nearest thousand
Which of the following represents a statistical question
are vitamins the building blocks of the cells