Math, asked by ariane21bathan, 6 months ago

How much is $1,200 worth at the end of 1 year, if the interest rate of 5.5% is compounded quarterly

Answers

Answered by jaanusingh442

Answer:

Compound interest is calculated by multiplying the initial principal amount by one plus the annual interest rate raised to the number of compound periods minus one. The total initial amount of the loan is then subtracted from the resulting value.

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