If $400 is invested at an interest rate of 2.5% per year, find the amount of the

Algebra
Tutor: None Selected Time limit: 1 Day

If $400 is invested at an interest rate of 2.5% per year, find the amount of the investment at the end of 11 years for the following compounding methods. (Round your answers to the nearest cent.)
(a) Annually
  

(b) Semiannually
 

(c) Quarterly
 

(d) Continuously

Jul 17th, 2015

Thank you for the opportunity to help you with your question!

Hey 

check your solutions with details..

Compound Interest.docx 

Please let me know if you need any clarification. I'm always happy to answer your questions.
Jul 17th, 2015

thank you for the very detail explanation but for some reason when i put my answer in it says to round


Jul 17th, 2015

thank you for the very detail explanation but for some reason when i put my answer in it says to round


Jul 17th, 2015

i already rounded the answer..anyways  i am checking again 

Jul 17th, 2015

All answers are rounded off ...if you have any problem..let me know... i will be happy to help you

Jul 17th, 2015

Thnaks

Jul 17th, 2015

Thnaks

Jul 17th, 2015

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Jul 17th, 2015
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Jul 17th, 2015
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