document.write( "Question 606626: Calculate the amount of money in the savings account at the end of six months. The principal is $100, the rate is 10% and the interest is compounded quarterly. \n" ); document.write( "
Algebra.Com's Answer #382144 by ewatrrr(24785)\"\" \"About 
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\n" ); document.write( "Hi,
\n" ); document.write( "Calculate the amount of money in the savings account at the end of six months.
\n" ); document.write( " The principal is $100, the rate is 10% and the interest is compounded quarterly.
\n" ); document.write( "Note: In General: \"A+=+P%281%2Br%2Fm%29%5Emt\"
\n" ); document.write( "A = Accumulated Amount
\n" ); document.write( "P= principal = $100
\n" ); document.write( "r= annual rate = .10
\n" ); document.write( "m= periods per year = 4
\n" ); document.write( "t= years = .5
\n" ); document.write( "\"A+=+%24100%281%2B.10%2F4%29%5E2\"
\n" ); document.write( "\"A+=+%24100%281.025%29%5E2\"
\n" ); document.write( "A= $105.06
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