Ask Question
1 January, 12:45

You deposit $4200 in a savings account that has a rate of 4%. The interest is compounded

quarterly

a) How much money will you have after ten years? Round to the nearest cent.

b) Find the interest after ten years.

+1
Answers (1)
  1. 1 January, 12:49
    0
    a) 6253.23

    b) 2053.23

    Step-by-step explanation:

    A = P (1+r/n) ^nt
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “You deposit $4200 in a savings account that has a rate of 4%. The interest is compounded quarterly a) How much money will you have after ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers