Question

Help!!!!!!!! This is urgent, please leave work if possible! Will mark brainiest

Answer 1

Answer:

19840$

Step-by-step explanation:

If you know the equation it's A=P(1+R/N)^n where P=15000)in this case R- is the interest rate (in this case 0.045) N- is how many times interest is compounded yearly(in this case 4) and n is quantity of years -> 25. solving the equation we get 19840$. Hope this works for you.

Answer 2

Answer:

$45.913.96

Step-by-step explanation:

Formula of compound interest = $A=P(1+\frac{r}{n})^{nt}$

Where

A = Future Amount

P = Principal amount = 15,000

r = Rate of interest 4.5% $(\frac{4.5}{100})$ = 0.045

n = Number of compounding period = 4

t = Time in years = 25 years

Now plug in values in to formula

$A=1,5000(1+\frac{0.045}{4})^{(4)(25)}$

$A=15000(1+0.01125)^{100}$

$A=15000(1.01125)^{100}$

A = 15000 × 3.06093045

A = 45,913.9568 ≈ $45,913.96

You will have $45,913.96 after 25 years.