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Mathematics 8 Online
OpenStudy (anonymous):

After 6 years, what is the total amount of a compound interest investment of $35,000 at 4% interest, compounded quarterly?

OpenStudy (amistre64):

what have you tried to work out so far?

OpenStudy (anonymous):

i dont know what compound interest is

OpenStudy (amistre64):

it is interest on interest, which is the compounding part of it simple interest is just interest on the principal only

OpenStudy (amistre64):

there should be a formula in your material that you can start with

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