bbyitskeke7160
27.07.2019 •
Mathematics
Find the amount that results from the given investment. $ 200 invested at 22% compounded quarterly after a period of 3 years. after 3 years, the investment results in
Solved
Show answers
More tips
- S Science and Technology QR Code: How it Works and Why You Need it?...
- C Computers and Internet Dropbox: What is it and How to Use it...
- H Health and Medicine How to Increase Hemoglobin in the Blood...
- A Animals and plants How to Store Carrots: Tips for Homeowners...
- L Legal consultation Juvenile Justice: Who Needs It?...
- F Family and Home How to Choose the Best Diapers for Your Baby?...
- F Family and Home Parquet or laminate, which is better?...
- L Leisure and Entertainment How to Properly Wind Fishing Line onto a Reel?...
- L Leisure and Entertainment How to Make a Paper Boat in Simple Steps...
- T Travel and tourism Maldives Adventures: What is the Best Season to Visit the Luxurious Beaches?...
Answers on questions: Mathematics
- M Mathematics The National Assessment of Educational Progress (NAEP) includes a mathematics test for eighth‑grade students. Scores on the test range from 0 to 500 . Demonstrating the ability to...
- M Mathematics What is the measure of arc ? 26° 52° 104° 128°...
- M Mathematics What percent of adult males in america are over 6 feet 1 inches...
- M Mathematics Me : ) can you give it to me step by step . you ❤...
- M Mathematics I need help ASAP plzzz...
- B Biology Please can you help me with this?? I’ll mark you brianlist!!...
- E English What is the best antonym for credible? A. Un knowledgeable B. Stodgy C. Analytical D. Fallacious E. Plausible...
- M Mathematics Can someone please help me?...
Ответ:
Compound interest formula
Where
A= Future value
P = the Principal (the initial amount of money)
r = annual interest rate
t = time
n= number of times compounded in one tRemark
----------------------------------------------------------------------------------
r is generally a percentage like 3%, 7% etc and are applied in the formula as 0.03, 0.07...,
the interest is compounded generally annually (n=1), quarterly (n=4), monthly (n=12), etc...
t is in years,
-------------------------------------------------------------------------------------
Thus, in our problem, P=$200, r=22%=0.22, n=4, t=3
Applying the formula we have:
=380 ($)
380$
Ответ:
Uh yes it is true
Step-by-step explanation
I honestly don't know if you are trolling me or really have a confusion