SOLUTION: can someone help me with this problem please: Find the compound interest earned by the deposit. Round to the nearest cent. $1200 at 11% compounded quarterly for 6 years. a

Algebra.Com
Question 161710: can someone help me with this problem please:
Find the compound interest earned by the deposit. Round to the nearest cent.
$1200 at 11% compounded quarterly for 6 years.
a. $1101.15
b. $1412.12
c. $1044.50
d. $792.00
Answer by jojo14344(1513)   (Show Source): You can put this solution on YOUR website!

Remember:
where,
Continuing,




so, interest earned,

ANSWER (a)
Thank you,
Jojo
RELATED QUESTIONS

can someone help me with this problem please: Find the compound interest earned by the (answered by josmiceli)
Can someone please help me with this problem: Find the compound interest earned by the (answered by jojo14344)
Can someone please help me with this problem: Find the compound amount for the... (answered by rfer)
Can someone please help me with this problem: Find the interest. Round to the nearest... (answered by rfer)
Please Help: Find the compound interest earned by the deposit. Round to the nearest... (answered by rfer)
Interest Homework APR Find the amount of compound interest earned in an account that... (answered by robertb)
Find the compound interest earned by the deposit. Round to the nearest cent. $1800... (answered by rfer)
3. find the compound interest earned by the deposit. round to the nearest cent. $3590 (answered by scott8148)
find the amount of compound interest earned in an account that opens with $23,000, earns... (answered by Alan3354)