# Find the balance in the account. \$2,500 principal earning 4%, compounded quarterly, after 4 years

Some recent academics question and answer inquired students to express what they presume is the most important concern for a student to do to be able to get success. The one which response stood out from the rest was practice. Persons who generally are successful do not become successful by being born. They work hard and dedication their lives to succeeding. This is how you can obtain your goals. beneath some question and answer examples that you will possibly utilise to expand your knowledge and gain insight that will guide you to preserve your school studies.

## Question:

Find the balance in the account. \$2,500 principal earning 4%, compounded quarterly, after 4 years

\$2941.45 will be the balance.

Step-by-step explanation:

Formula to find the final amount after 4 years with compound interest is

= 2500×1.173 = \$2931.45

Therefore \$2931.45 is the final amount.

They will possibly hopefully guide the student handle the question by implementing the questions and answer examples. Then could certainly have some sharing in a group discussion and also learning with the classmate somewhere around the topic, so another student also has some enlightenment and still keeps up the school learning.

READ MORE  Why did the “Zimmerman telegram” turn many Americans against Germany? It declared that Germany would go on sinking American ships. It showed that Germany thought of the U.S. as a weak nation. It offered German assistance to Mexico in reconquering the American Southwest. It tried to persuade Americans of German descent to fight against the United States.