Question

If John deposits $100 at the end of every three months, how much will he have accumulated after 8.5 years if interest is 6% p.a. compounded quarterly?

Answer 1

The total amount accrued, principal plus interest,
from simple interest on a principal of $ 100.00
at a rate of 6% per year
for 8.5 years is $ 151.00.

Answer 2

hope this helps Jass ;D

Answer 3

Yup I got it!
thanks girl ;P