Question: The compound interest formula is Aequalsp left parenthesis 1 plus StartFraction r Over n EndFraction right parenthesis Superscript nt , where A is the amount

The compound interest formula is Aequalsp left parenthesis 1 plus StartFraction r Over n EndFraction right parenthesis Superscript nt , where A is the amount that accumulates in the account, p is the principal, r is the annual interest rate as a decimal number, n is the number of compounding periods per year, and t is the time in years. Part 2 To use the formula to compute the amount Tamara withdrew, first identify the values of p, r as a decimal number, n, and t. pequals$ 10000, requals 0.0125, nequals 2, and tequals 4 years Part 3 Now substitute these values into the formula and simplify. Upper A equals p left parenthesis 1 plus StartFraction r Over n EndFraction right parenthesis Superscript nt equals 10 comma 000 left parenthesis 1 plus StartFraction 0.0125 Over 2 EndFraction right parenthesis Superscript 2 times 4 Substitute. equals enter your response here Simplify. (Round to two decimal places as needed.)

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