Find the amount accumulated after investing a principal P for t years at an interest rate compounded k times per year. P = $3,500 r= 5% t = 10 k = 4 A = ?

To the nearest cent, the accumulated amount over the 10 years is $5,752.67

Step-by-step explanation:

Here, we want to use the given formula to find the accumulated amount on the deposit/investment

we have this as follows;

A = P(1 + r/k)^kt

P is the amount invested which is the principal = $3,500

r is the interest rate = 5% = 5/100 = 0.05

k is the number of times interest is compounded yearly = 4

t is the number of years = 10

Substituting these values in the formula, we have;

A = 3500(1 + 0.05/4)^(4 * 10)

A = 3500 (1 + 0.0125)^40

A = 3500(1.0125)^40

A = $5,752.67

$450.00 for 6 weeks

or

$300

step-by-step explanation:

$200.00 for first week $50.00 x5 equals $250 plus $200 equals $450.00 for six weeks.

$200 for first week

$200 x 0.10 = $20

$20 x 5 = $100

$200 + $100 = $300

c: lkllmn.

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