John invested $2000 that earn interest at 4% per annum compounded monthly. two year later the interest rate is 4.50% compounded quaterly. determine the accumulated value of investment two year after the change

Step-by-step explanation:

we know that    

The compound interest formula is equal to  

where  

A is the Final Investment Value  

P is the Principal amount of money to be invested  

r is the rate of interest  in decimal

t is Number of Time Periods  

n is the number of times interest is compounded per year

in this problem we have  

Part 1)

substitute in the formula above

Part 2)

substitute in the formula above

828. all there is to it!

here, if you ever need with rounding (or other forms of arithmetic/math) again, use this:

thats the rounding one, but if you just click the top left, it shows you all the calculators you may need!

to find the unit price, we must figure out the cost of one item (in this case one dish towel).   to do this, we divide the total price ($7.92) by the number of items bought (for this problem it is 8, because there are eight dish towels in one pack).  

$7.92/8 = $0.99

therefore, the unit price, or the price of one dish towel, is $0.99.

hope this !