Precalculus (6th Edition)

Published by Pearson
ISBN 10: 013421742X
ISBN 13: 978-0-13421-742-0

Chapter 4 - Inverse, Exponential, and Logarithmic Functions - 4.5 Exponential and Logarithmic Equations - 4.5 Exercises - Page 470: 99

Answer

$A= \$ 11,611.84$

Work Step by Step

The formula for compound interest can be given as: $A=P(1+\dfrac{x}{r}^{tn}$ We need to plug the data to get the result. $A=\$ 10,000 (1+\dfrac{0.03}{4})^{(4)(5)}$ Therefore, our answer is: $A= \$ 11,611.84$
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.