Answer
A=
for 1: 4,703.71
for 2: 4,713.99
for 4: 4,719.22
for 12: 4,722.74
for 365: 4,724.45
Work Step by Step
Compound Interest Formula:
$A=P(1+\frac{r}{n})^{n\times t}$
A= solving for A
P=3500
r= turn 3% to decimal = 0.03
n= the values you will replace 1,2,4,12,365
t=10
$A=3500(1+\frac{0.03}{1})^{1\times 10}$
= 4,703.71
$A=3500(1+\frac{0.03}{2})^{2\times 10}$
=4,713.99
$A=3500(1+\frac{0.03}{4})^{4\times 10}$
= 4,719.22
$A=3500(1+\frac{0.03}{12})^{12\times 10}$
=4,722.74
$A=3500(1+\frac{0.03}{365})^{365\times 10}$
=4,724.45
