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Fred deposits $6,500 in a saving account that pays 0.5% interest, compounded quarterly. Round each answer to the nearest cent.
a. Find the first quarter's interest.
b. Find the first quarter's ending balance.
c. Find the second quarter's interest.
d. Find the second quarter's ending balance.
e. Find the third quarter's interest.
f. Find the third quarter's ending balance.
g. Find the fourth quarter's interest.
h. What is the balance at the end of one year?
i. How much interest does the account earn in the first year?
Sagot :
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