00:01
Hi, now we are going to find the first quarter's ending balance.
00:05
Now here the given investment i .e.
00:07
P value is 3500 and the interest rate r is 0 .8 % so this will be 0 .008.
00:18
Now the interest was compounded quarterly.
00:21
So for the first quadrant, t is equal to 3 divided by 12 that is equal to 0 .25.
00:28
Then now we have to calculate the interest for first quarter and this will be p into t into r that is equal to 3500 into 0 .25 into 0 .008.
00:58
After multiplication this will be equal to 7 dollar.
01:02
And then we have to find the ending balance for first quarter.
01:16
So this will be p plus i that is equal to 3500 plus 7 dollar and this will be equal to 3507 dollar.
01:30
And next we are going to calculate the interest for second quadrant and second quadrant ending balance.
01:41
So here we have the value of p is 3507.
01:47
So the interest for second quarter will be 3507 multiplied by 0 .25 multiplied by 0 .008.
02:07
After multiplication this will be equal to 7 .01 dollar.
02:14
And next in part d we are going to find the ending balance for second quarter and this will be equal to 3507 plus 7 .01.
02:35
So this will be equal to 3514 .01 dollar...