Steven’s savings account switches from compounding interest annually to quarterly. his account earns 3% interest yearly. steven puts $500 into his account and leaves it for five years. how much more money will he have in his account due to switching from annually to quarterly compounding? $0.72 $0.95 $1.51 $1.97

im not quite sure if this is right but i got 5.6 oisutuve

step-by-step explanation:

i dony know

step-by-step explanation:

it's equivalent, so we can say that its equal.

let's call the denominator x and the numerador is 18 less then denominator, x - 18.

multiply

2.x = 5.(x - 18)

2x = 5x - 90

90 = 5x - 2x

90 = 3x

x = 90/3

x = 30

so:

where's the diagram?

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