Problema Solution
after six years,what was the total amount of a compound interest investment of 35,000.at 4%interest, compounded quartly/
Answer provided by our tutors
total After one year = 35000 + 4%(35000) = 36400
total After 2 years = 36400 + 4%(36400) = 37856
totale after 3 years = 37856 + 4%(36856) = 39370.24
total after 4 years = 39370.24 + 4%(39370.24 ) = 40945.0496
total after 5 years = 40945.0496 + 4%(40945.0496) = 42582.8515
total after 6 years = 42582.8515 + 4%(42582.8515) = 44286.16