Answer:
A=$3.973.42
Step-by-step explanation:
First, convert R as a percent to r as a decimal
r = R/100
r = 2.12/100
r = 0.0212 rate per year,
Then solve the equation for A.
[tex]A = P(1 + r/n)^{nt}[/tex]
[tex]A = 3,500.00(1 + 0.0212/4)^{(4)}^{(6)}[/tex]
[tex]A = 3,500.00(1 + 0.0053)^{(24)}[/tex]
[tex]A = $3,973.42[/tex]
Summary:
The total amount accrued, principal plus interest, with compound interest on a principal of $3,500.00 at a rate of 2.12% per year compounded 4 times per year over 6 years is $3,973.42.
Hope this helps! Brainliest would be much appreciated! Have a great day! :)
