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tatiana is thinking about putting $200 in a savings account that earns 4% interest compounded quarterly. she wants to keep that money in the account for 4 years. which of the formulas below can help her calculate how much money she will have at the end of 4 years

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makenzieruszko90

Answer:

200(1+0.01)^16

Step-by-step explanation:

We are given that,

Initial investment, P = $200

Rate of interest, r = 4% = 0.04

Time period, t = 4

It is required to find the formula for the money which is compounded quarterly.

The compound interest is given by

Substituting the value, we have,

i.e.

Hence, the formula for the money after 4 years is .

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