Students were asked over to answer a question at education and to tell what is most important for them to succeed. A lot of reactions, one that that stood out was practice. Successful persons are certainly born successful; they become successful via hard work and commitment. If you want to get your goals, keep this in mind! just below some question and answer examples that you could possibly make use of to further enhance your knowledge and gain insight that will guide you to maintain your school studies.
Question:
The apr of emilio’s savings account is 3.2%, and interest is compounded quarterly. if emilio does not withdraw or deposit any additional funds for an entire year, what will be the balance of his account after all the interest is paid for the year on a principal balance of $9300?
Answer:
Final value = Initial value × (mutiplier)^n
We have;
Initial value = 9300
Multiplier = 100%+3.2% = 103.2% = 1.032
Number of quarters in a year = 4
Substitute all values into the formula, we have rounded to two dp
From the answer and question examples above, hopefully, they are able to guide the student deal with the question they had been looking for and take notice of all sorts of things stated in the answer above. Then could possibly carry out some sharing in a group discussion and also learning with the classmate in connection with the topic, so another student also will have some enlightenment and still keeps up the school learning.