Homework Help: Math

Posted by Dierdre on Monday, October 1, 2012 at 11:12pm.

An amount of $2,500.00 is depsoisted in a bank paing an annual interest rate of 5.3% coumpounded quaterly. Find the balance after 3 years

Math - Reiny, Monday, October 1, 2012 at 11:17pm
i = .053/4 = ...
n = 3x4 = 12

amount = 2500(1+i)^12
= ....

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