SOLUTION: if $1200 in a passbook savings account that generates. 3.6% interest compounded quarterly how much would your account be worth after 8 years?

SOLUTION: if $1200 in a passbook savings account that generates. 3.6% interest compounded quarterly how much would your account be worth after 8 years?

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Question 230263: if $1200 in a passbook savings account that generates. 3.6% interest compounded quarterly how much would your account be worth after 8 years?
Answer by checkley77(12844) (Show Source): You can put this solution on YOUR website!
1,200(1+.036/4)^8*4
1,200(1+.009)^32
1,200(1.009)^32
1,200*1.332=$1,598.40 ANS.
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