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Find the amount in the account for the given​ principal, interest​ rate, time, and compounding period.Pequals​600​, requals5​%, tequals7 ​years; compounded quarterly

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解答

Findtheamountintheaccountforthegiven​principal,interest​rate,time,andcompoundingperiod.Pequals​600​,requals5​%,tequals7​years;compoundedquarterly

解答

Amount:849.6
求解步骤
Translate the problem into an equation:A=600(1+40.05​)4⋅7
600(1+40.05​)4⋅7=849.59538…
Round to the nearest hundredth:849.6
Amount:849.6

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