To get the three answers, you need to know what the interest rate formula is. For this math problem, the interest rate formula is:
A=P(1+rn)nt
A = amount of money earned after investment
P = amount of money invested
r = interest rate per period
n = number of times the interest is compounded each year
t = number of years the amount of money is deposited for
A=$10,000(1+0.0482)2×3
A=$10,000(1+0.0482)6
A=$10,000(1+0.024)6
A=$10,000(1.024)6
A=$11,529.21504606846976
A≈$11,529.22
Depositing $10,000 into an account that earns 4.8% for 3 years semiannually wil give you approximately $11,529.22.
A=$10,000(1+0.0484)4×3
A=$10,000(1+0.0484)12
A=$10,000(1+0.012)12
A=$10,000(1.012)12
A=$10,000(1.153894624182586)
A=$11,538.94624182586
A≈$11,538.95
Depositing $10,000 into an account that earns 4.8% for 3 years quarterly wil give you approximately $11,538.95.
A=$10,000(1+0.04812)12×3
A=$10,000(1+0.04812)36
A=$10,000(1+0.004)36
A=$10,000(1.004)36
A=$10,000(1.1545524338367405)
A=$11,545.524338367405
A≈$11,545.52
Depositing $10,000 into an account that earns 4.8% for 3 years monthlty wil give you approximately $11,545.52.