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Maraheb’s parents invested 14,000 at 3% interest compounded quarterly. How much money will be in the account after 10 years

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解答

Maraheb’sparentsinvested14,000at3%interestcompoundedquarterly.Howmuchmoneywillbeintheaccountafter10years

解答

Amount:18876.88
求解步骤
Translate the problem into an equation:A=14000(1+40.03​)4⋅10
14000(1+40.03​)4⋅10=18876.88057…
Round to the nearest hundredth:18876.88
Amount:18876.88

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