If $4500 is deposited in a bank paying %8 compunded quarterly, then how much interest will be earned at the end of 6 years? The formula of compound of interest is A= [ 1 + R/N] nt

A) $ 353,235.81
B) $24,035.31
C) $ 7237.97
D) $ 2737.97

Question

If $4500 is deposited in a bank paying %8 compunded quarterly, then how much interest will be earned at the end of 6 years? The formula of compound of interest is A= [ 1 + R/N] nt

A) $ 353,235.81
B) $24,035.31
C) $ 7237.97
D) $ 2737.97

anonymous · Answer

I'm literally scratching my head on this one. So, if anyone could help me you would be a total   lifesaver.

anonymous · Answer

|dw:1343340348771:dw|