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Home » Multiply by 3 and Unlock This Sparkling Math Secret That Blows Minds! - ECD Germany

Multiply by 3 and Unlock This Sparkling Math Secret That Blows Minds! - ECD Germany

📅 May 9, 2026 👤 scraface

May 09, 2026

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2:00 PM + 2.75 hours = 4:45 PM
#### 4:45 PM
An investment of $5,000 earns 6% annual interest compounded quarterly....
First, determine the quarterly interest rate and the number of quarter...
Quarterly rate = \( \frac{6}{4} = 1.5\% = 0.015 \)
Number of quarters = \( 3 \times 4 = 12 \)
\[ A = 5000 \times (1 + 0.015)^{12} \]
\[ A \approx 5000 \times 1.195618 \]
\[ A \approx 5978.09 \]
#### 5978.09

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