Ask a New Question

Asked by Anonymous

How much interest is earned from a $3,000 investment at
an annual rate of 4% compounded quarterly for 2 years?
16 years ago

Answers

Answered by bobpursley
interest= 3000(1+.04/4)^(4*2)-3000

Paste this in your google search window:

3000(1+.04/4)^(4*2) - 3000
16 years ago
There are no AI answers yet. The ability to request AI answers is coming soon!

Submit Your Answer


We prioritize human answers over AI answers.

If you are human, and you can answer this question, please submit your answer.

Related Questions

how much interest is earned on a principal of 600 invested at an interest rate of 16% for 1/4 of a... If you earned $2,000 interest for 2 years at 7%, how much money did you originally invest? Thanks... How much interest is earned on 20,000 at 6% for 2 yrs compounded annually? what is the interest earned for a deposit of $100,000 at 2% for 5 years Interest of $22.05 was earned in 3 months on a balance of $1960.00. What is the interest rate per an... How much interest is earned in two years in two years on $200 in a bank account at an interest rate... Interest of $22.05 was earned in three months on a balance of $1960. What is the interest rate per a... If you earned $6,000 interest per annum and you had $78,000 invested, what per annum rate is your mo... How much interest is earned in 6 years on $8500 deposited in an account paying 7% interest, compound... Interest earned in 3 yrs at 12% on 2000 shillings
Submit Your Answer

Question

How much interest is earned from a $3,000 investment at
an annual rate of 4% compounded quarterly for 2 years?

Ask a New Question
Archives Contact Us Privacy Policy Terms of Use