asked 77.0k views
4 votes
Trella Alcala deposited 1950.00 in a new credit union savings account on the first of the quarter. The principal earns 4.25 percent interest compounded quarterly. What was the amount in her account at the end of the 6 months?

1 Answer

2 votes
A=1,905×(1+0.0425÷4)^(4*6/12)
A=1,945.70
answered
User Sahil
by
8.3k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.