Answer
P stands for the Principal amount
r stands for rate (decimal form) of interest
n stands for number of times compounded annually
t stands for the number of years
A(t) stands for the amount after t years
$112.65
Work Step by Step
Formula $A(t) = P(1 + \frac {r}{n})^{nt}$
This is a fill-in-the-blank question
P stands for the Principal amount
r stands for rate (decimal form) of interest
n stands for number of times compounded annually
t stands for the number of years
A(t) stands for the amount after t years
With $100$ compounded quarterly at 6% for two years, P = 100, r = 0.06, n = 4, and t = 2
$A(t) = 100(1 + \frac {0.06}{4})^{4(2)}$ = 112.65
