mm1059
Answered

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Sagot :

kallmekrish

Answer:

A=$3.973.42

Step-by-step explanation:

First, convert R as a percent to r as a decimal

r = R/100

r = 2.12/100

r = 0.0212 rate per year,

Then solve the equation for A.

[tex]A = P(1 + r/n)^{nt}[/tex]

[tex]A = 3,500.00(1 + 0.0212/4)^{(4)}^{(6)}[/tex]

[tex]A = 3,500.00(1 + 0.0053)^{(24)}[/tex]

[tex]A = $3,973.42[/tex]

Summary:

The total amount accrued, principal plus interest, with compound interest on a principal of $3,500.00 at a rate of 2.12% per year compounded 4 times per year over 6 years is $3,973.42.

Hope this helps! Brainliest would be much appreciated! Have a great day! :)

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