marelinatalia2000
13.05.2021 •
Mathematics
7 Eric has a compound interest savings account
for retirement as shown below. The account is
compounded quarterly. How much money is
in Eric's account at the end of 3 years?
Principal, p
Interest
Rate,r
Additional
Deposit
$1,000 at end
$3,000
5%
of each year
F $6,489.45
G $6,637.70
Copyright © McGraw-Hill Education. Pe
H $6,978.45
J $7,129.70
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Ответ:
10350.98
Step-by-step explanation:
1 * 10,000= 10,000
3 * 100 = 300
5 * 10 = 50
9 * 1/10 = 0.9 ( divide 9 by 10 )
8 * 1/100 = 0.-08 ( divide 8 by 100 )
10,000 + 300 + 50 + 0.9 + 0.08 = 10350. 98
Remember place values when working out this problem.
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