Jim opened an account with $400. the account pays 3 percent quarterly. how much is in the account at the end of 2 years? round to the nearest dollar.
use the compound interest formula, the formula a = p (1 + r/n) ^nt

The money in the account at the end of 2 years is $424.64 .

Step-by-step explanation:

Formula

Where A is the amount , r is the rate of interest in the decimal form , t is the time in years and n is compouding period .

As given

Jim opened an account with $400. The account pays 3 percent quarterly. How much is in the account at the end of 2 years .

p = $400

n = 4

t = 2 years

3% is written in the decimal form

= 0.03

r = 0.03

Put all the values in the formula

A = 400 × 1.0616

A = $424.64

Therefore the money in the account at the end of 2 years is $424.64 .

answer: a

step-by-step explanation:

answer:

it is general formula that is used to write value to its excet position

a11 a12 a13

a21 a22 a23

it is the example of order 2 by 3 matrix in this

a11 means value occur in 1 st row 1st column

a12 means value occurs in 1st row 2nd column

a13 means value occur in 1st row and 3rd column

a21 means value occurs in 2nd row and 1st column

a22 means value occurs in 2nd row and in 2nd column

a23 means value occurs in 2nd row and in 3rd column