Question 1204518

COMPOUND INTEREST

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

Where:
A = the future balance
P = the principal amount = $10,000
r = annual interest rate = 4% or 0.04
n = 4 (quarterly)
t = the number of years = 10

Plug  these values into the formula

A = 10000(1 + 0.04/4))^(4*10)

$14,888.64

The balance in the account after 10 years  $14,888.64