Asked by Anonymous
How much interest is earned from a $3,000 investment at
an annual rate of 4% compounded quarterly for 2 years?
an annual rate of 4% compounded quarterly for 2 years?
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
Paste this in your google search window:
3000(1+.04/4)^(4*2) - 3000
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