SOLUTION: If $600 is invested at 17% compounded quarterly, what is the interest earned after: a) 5 years Interest earned = $ b) 6 years Interest earned = $

SOLUTION: If $600 is invested at 17% compounded quarterly, what is the interest earned after: a) 5 years Interest earned = $ b) 6 years Interest earned = $

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Question 1198823: If $600 is invested at 17% compounded quarterly, what is the interest earned after:
a) 5 years
Interest earned = $
b) 6 years
Interest earned = $
Answer by ikleyn(52781) (Show Source): You can put this solution on YOUR website!
.


(a)  interest earned =   dollars.    Use your calculator.


(b)  interest earned =   dollars.    Use your calculator.

Happy calculations.

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To see many other similar (and different) solved problems on compounded interest accounts, look into the lesson
- Compounded interest percentage problems
in this site.

Learn the subject from there.

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