Question 1132510

Wanita deposits ${{{8320}}} at {{{1.25}}}%={{{0.0125}}} interest quarterly find the amount after {{{1}}} year? 


{{{A=P(1+r/n)^(nt)}}}

given:

{{{n=4 }}}
{{{r=0.0125}}}
{{{P=8320}}}
{{{t=1}}}

{{{A=8320(1+0.0125/4)^(4*1)}}}

{{{A=8320(1+0.003125)^4}}}

{{{A=8320(1.003125)^4}}}

{{{A=8320*1.01255871}}}

{{{A=8424.4884672}}}

{{{A=8424.49}}}