Ask your own question, for FREE!
Mathematics 8 Online
OpenStudy (anonymous):

If $3200 is invested for x years at 8%, compounded quarterly, the interest earned is: I= 3200 (1.02) ^4x - 3200. What interest is earned in 5 yrs? Do I just put 5 into x and solve on calculator?

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!