MATHEMATICS MIDDLE SCHOOL

David deposits $230 into a savings account that accrues 12% interest compounded quarterly each year. How much money will dave earn in interest after 3 years?A. $97.93

B. $99.38

C. $327.93

D. $329.38

Answers

Answer 1
Answer:

Answer:

C. $327.93

Step-by-step explanation:

The formula for interest compounded quarterly is

A = P(1 + r/n)nt   where P is the principal

                                r is the rate

                                t is the time in years  

                                n is the compoundings per year

 p =230  r= .12  t= 3  n =4  since it is quarterly

Substituting these in

A = 230 (1+ .12/4)^(3*4)

   = 230(1.03)^12

    =327.93
Answer 2
Answer:

Answer:

The answer is C. $327.93

Hope this helps and have a Merry Christmas.  

P.S. Could you make me brainlest?  It would help SO much.  Thanks!

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Answers

Answer:

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Step-by-step explanation:

SO the additive inverse would basically just be the opposite of the number, for example lets say you had 12, the additive inverse would be -12. You're just changing the sign of the number! From what i know i believe that's it. Have a nice day! :D

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Answers

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Step-by-step explanation:

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Answers

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Step-by-step explanation:

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Answers

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How to divide two numbers?

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Now, 45000/90=4500/9 (We can cancel an equalnumber of zeros from the numerator and denominator)

The given expression is equal to 4500/9. Therefore, option D is the correct answer.

To learn more about the division of numbers visit:

brainly.com/question/2273245.

#SPJ2

Answer:

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You didn't explain the question well

Step-by-step explanation:
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