Question

Show the compound interest if compounded quarterly​

Answer 1

Answer:

In such cases we use the following formula for compound interest when the interest is calculated quarterly. Here, the rate percent is divided by 4 and the number of years is multiplied by 4. Note: A = P(1 + r4100)4n is the relation among the four quantities P, r, n and A.

Answer 2

Answer:

ANSWER

In such cases we use the following formula for compound interest when the interest is calculated quarterly. Here, the rate percent is divided by 4 and the number of years is multiplied by 4. Note: A = P(1 + r4100)4n is the relation among the four quantities P, r, n and A.