SOLUTION: Find the interest earned on these amounts for 1 year at 4% interest if interest is compounded quarterly. $600 $24,000 $180 $1,500

Question 1179104: Find the interest earned on these amounts for 1 year at 4% interest if interest is compounded quarterly.
$600 $24,000 $180 $1,500
Answer by MathLover1(20850) (Show Source): You can put this solution on YOUR website!

Find the interest earned on these amounts for year at % interest if interest is compounded quarterly.

$, $, $, $

First, convert as a percent to as a decimal

rate per year,
Then solve the equation for A
...............if $

P (principal) = $
I (interest) = $

..............if $

P (principal) = $
I (interest) = $

...............if $

P (principal) = $
I (interest) = $

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