Wynonna opened a savings account 30 years ago with a deposit of $5,140.17. The account has an interest rate of 3.6% compounded quarterly. How much interest has Wynonna earned?

Question

anonymous · Answer

A = P(1+ (r/n))^nt 
Where P is the Principle, r is the rate, n is how often it's compounded, and t is the time in years. 

A = 5,140.17 * (1 + (.036/4))^4*30 
5,140.17 * (1.009)^120 
A = 15,063.21

anonymous · Answer

15,063.21 is your answer

anonymous · Answer

I got 
A=5,140.16(1+.036/4)^120
and got  16,598.84 as my ending answer which isnt one of the options

anonymous · Answer

ohhh okay i see what i did wrong, thank you dakota!

anonymous · Answer

15,063.21 is the correct answer.

Can I have a medal plz?

anonymous · Answer

thnx