Find the compound amount of 16100 for 4 years and 6 months and 10% compounded quarterly

25110.51

Step-by-step explanation:

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

A=final amount

P=initial principal balance

r=interest rate

n=number of times interest applied per time period

t=number of time periods elapsed

A = 16100(1+.1/4)^(4*4.5) = 25110.51

true

step-by-step explanation:

only 10/60 isn't equivalent

hope this : )