anonymous
  • anonymous
What does n represent?
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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jamiebookeater
  • jamiebookeater
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anonymous
  • anonymous
that means after 3 months 2% is calculated (quarterly)
experimentX
  • experimentX
compounded quarterly means divide rate by 4 and multiply time by 4
anonymous
  • anonymous
10000*.02=200 so at end oh 3 mos. 10200 10200*.02=204 so at end of 6 mos. 10200+204 = 10404 ...

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More answers

anonymous
  • anonymous
you see the sequence ? i only wrote down two, but can you calculate the other two to make the full year?
anonymous
  • anonymous
i guess n represents the number of times your compounding... in this case, n=4
anonymous
  • anonymous
yep
anonymous
  • anonymous
i think the idea is for them making you discover the formula...
anonymous
  • anonymous
that's the formula!!! :) i guessed right...
anonymous
  • anonymous
now, only if i remember it...
anonymous
  • anonymous
looking for it....
anonymous
  • anonymous
A = P(1 + r/n)^(n*t) this is called the compound interest formula...
anonymous
  • anonymous
n is the number of compounding per year..
anonymous
  • anonymous
t is the time... in years.
anonymous
  • anonymous
r is the rate (the interest rate...) in this case its 0.08
anonymous
  • anonymous
P is the amount you start with.. that's the principle
anonymous
  • anonymous
what does i represent in yours?
anonymous
  • anonymous
the formulas are very similar....
anonymous
  • anonymous
interest rate?
anonymous
  • anonymous
yw... glad to help (with what i could)

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