Question

Formula A=P(1+rt)
P=$4,500; r=11%; t=3 quarters; A=?

Answer 1

Explanation:

Answer 2

Answer: 4871.25

Work Shown

3 quarters = 3/4 of a year = 0.75 years

A = P*(1+r*t)

A = 4500*(1+0.11*0.75)

A = 4871.25