Answer:
After 25 years the amount will be $78099.34.
Step-by-step explanation:
The compound interest formula is ;
[tex]A=p(1+r/n)^{nt}[/tex]
Where p = 22000
r = 5.1% or 0.051
n = 4
t = 25
So, putting the values in formula we get;
[tex]A=22000(1+0.051/4)^{100}[/tex]
[tex]A=22000(1.01275)^{100}[/tex]
A = $78099.34
Therefore, after 25 years the amount will be $78099.34.
