Ask Question
14 November, 16:44

Clay deposited $500 in a savings account which pays 8.2% interest,

compounded quarterly. What was his balance at the beginning of the

third quarter?

+5
Answers (1)
  1. 14 November, 16:52
    0
    Abou 544.64 or exactly 544.637684

    Step-by-step explanation:

    You need to remeber to add the new interest every quarter. To find how much the new interest increases each quarter.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Clay deposited $500 in a savings account which pays 8.2% interest, compounded quarterly. What was his balance at the beginning of the third ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers