Calculate the amount of interest earned in 9 years on $17,000 deposited in an account paying 10% annual interest, compounded quarterly

the amount of interest earned is $24353

Step-by-step explanation:

We would apply the formula for determining compound interest which is expressed as

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

Where

A = total amount in the account at the end of t years

r represents the interest rate.

n represents the periodic interval at which it was compounded.

P represents the principal or initial amount deposited

From the information given,

P = $17000

r = 10% = 10/100 = 0.10

n = 4 because it was compounded 3 times in a year and n = 12/3 = 4

t = 9 years

Therefore,

A = 17000(1 + 0.1/4)^4 × 9

A = 17000(1 + 0.025)^36

A = 17000(1.025)^36

A = $41353

the amount of interest earned is

41353 - 17000 = $24353

answer: f true

step-by-step explanation:

answer: all of the odd numbers were opened

the first person was the one that was opening all of the lockers. since one is odd, this causes all of the odd number lockers to be opened in the end.