Find total amount in the compound intrest account.

$2000 is compounded quarterly at a rate of 8% for 6 years. (Round to nearest Hundereths as needed)

3 answers

amount = 2000(1.02)^24
= ...

so 48960?

How did you possibly get that ???

amount = 2000(1.02)^24
= 2000(1.608437)
= 3216.87