Question

If you deposit 4500 at 5% annual interest, compounded quarterly, how much
money will be in the account after 1 year?​

Answer 1

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p=4500rs

r%=5/4%

t=(12/4)times=3times

a=p(1+r/100)^t

a=4500(1+5/400)^3

a=4500(81/80)^3

a=(4500× 81× 81× 81)/ 80× 80× 80

a=23914845/640

a=37366.95rs

Answer 2

p=4500rs

r%=5/4%

t=(12/4)times=3times

a=p(1+r/100)^t

a=4500(1+5/400)^3

a=4500(81/80)^3

a=(4500× 81× 81× 81)/ 80× 80× 80

a=23914845/640

a=37366.95rs