Asavings account earns 4% annual interest compounded quarterly. how much interest would $500 earn if it was invested for one year?

Amount obtained in Compound interest is given by :

Note : Conversion period is the time from one interest period to the next interest period. If the interest is compounded annually then there is one conversion period in an year. If the interest is compounded semi-annually then there are two conversion periods in an year. if the interest is compounded quarterly then there are four conversion periods in an year.

Problem :

Given : $500 is invested for one year at 4% annual interest

As the question mentions the term ''compounded quarterly'', there are 4 conversion periods in a year.

If the interest is compounded quarterly, then the rate of interest per conversion period (quarter) will be :

Substituting all the values in the Amount formula of C.I, We get :

We know that : Interest = Amount - Principal

 Interest = 520.30 - 500

 Interest = $20.30

81 seats

step-by-step explanation:

if you multiply 0.65 times 125 then you get 81.5 seats. well since you can't have half of a seat you have to round down and get 81 seats in the no children zones. that leave 44 seats outside of the no children zone.

7,24

step-by-step explanation: