Tony wants to put $318,000 in his retirement savings account. It earns an interest rate of 7.1% compounded quarterly. He wants to determine how much he will have in the account after 5 years, even if he makes no additional contributions or withdrawals to the account A. $448099.52
B. $347242.34
C. $452115.44
D. $341186.28
which answer correct

C. $452115.44

Step-by-step explanation:

To solve this, we will follow the steps below;

first write down the formula for  compound interest

A= P [ 1 + ]^nt

where A is the ending amount

P represent the principal

r represent the interest rate

n represent the number of compounding a year

t represent the time {in years)

from he question above

p= $318 000

r = 0.071

n = 4  since is quarterly

t= 5

we can now proceed to insert the values into the formula

A= P [ 1 + ]^nt

  =318 000 [1+] ^4(5)

  = $318 000 [1+] ^20

   =$318 000 [1+0.01775] ^20

    = $318 000 [1.01775] ^20

     =$318 000× 1.421747

      ≈$452 115.44

He will have $452 115.44 in the account

one set of data has more variation than the other. hope this !

step-by-step explanation:

the ratio of red paint to blue paint is always 9/7. that means that, whatever x's value, (4x+12)/(4x-4) has that same ratio. so, set up an equation and cross-multiply to solve for x:

9/7 = (4x+12)/(4x-4)

9(4x-4) = 7(4x+12)

36x - 36 = 28x + 84

8x - 36 = 84

8x = 120

x = 15