SOLUTION: How much will be the total interest in a P100,000 investment at 6% compounded quarterly after 3 years?

Question 1175891: How much will be the total interest in a P100,000 investment at 6% compounded quarterly after 3 years?
Found 2 solutions by Boreal, ikleyn:
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
start with A=Ao(1+(.06/4))^12, 12 times compounded in 3 years.
Ao=100000
A=119,561.82
P19,561.82 is interest
Answer by ikleyn(52776) (Show Source): You can put this solution on YOUR website!
.
How much will be the interest in a P100,000 investment at 6% compounded quarterly after 3 years?
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In your formulation, the word "total" is EXCESSIVE, therefore, I crossed it in red.

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