document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1025531>Question 1025531</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Peter deposits k450 000.00 with BSP which offers 4 1/2% per annum interest. Calculate the interest earned after 4 years if it is compounded every three months </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #640847 by </B><A HREF=/tutors/aboutme.mpl?userid=robertb><B>robertb(5830)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=robertb><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=robertb><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=640847\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> The amount, or future value of the deposit is given by the formula\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A+=+P%2A%281%2Br%2Fn%29%5E%28nt%29 ALIGN=MIDDLE  ALT=\"A+=+P%2A%281%2Br%2Fn%29%5E%28nt%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >.\r<BR>\n" );
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document.write( "In this case, P = 450,000, r = 4.5% = 0.045, n = 4 (quarterly!), and t = 4.\r<BR>\n" );
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document.write( "==> <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A+=+450000%2A%281%2B0.045%2F4%29%5E%284%2A4%29+=+538206.66 ALIGN=MIDDLE  ALT=\"A+=+450000%2A%281%2B0.045%2F4%29%5E%284%2A4%29+=+538206.66\"   DISABLED_style= \"max-width:90%; height:auto;\" >.\r<BR>\n" );
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document.write( "==>Interest earned is K538,206.66 - K450,000 = K88,206.66 </SPAN>\n" );
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