Anyone good at Interest Earnings Check answer please
Phillip opened a savings account with an annual interest rate of 8% and an initial deposit of $3500. If his interest is compounded quarterly, how much is in Jeffrey’s account after 2 years? Round your answer to the nearest cent.

interest compounded quarterly https://static.k12.com/bank_packages/files/media/60a60f65757b60a55bc926871b515d4c.png

Answer:560$

Question

Anyone good at Interest Earnings  Check answer please 
Phillip opened a savings account with an annual interest rate of 8% and an initial deposit of $3500. If his interest is compounded quarterly, how much is in Jeffrey’s account after 2 years? Round your answer to the nearest cent.

interest compounded quarterly https://static.k12.com/bank_packages/files/media/60a60f65757b60a55bc926871b515d4c.png



Answer:560$

harleygirl18 · Answer

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