Question 53225
If the bank compounds quarterly, that is 4 times per year, so n = 4, t=2, and nt = 8.

A=P(1+r/n)^nt 
A=10000(1+.10/4)^8
A=10000(1.025)^8

A=10000(1.2184029)
A = $12184.03


R^2 at SCC