document.write( "Question 161710: can someone help me with this problem please:\r
\n" ); document.write( "\n" ); document.write( "Find the compound interest earned by the deposit. Round to the nearest cent.\r
\n" ); document.write( "\n" ); document.write( "$1200 at 11% compounded quarterly for 6 years.\r
\n" ); document.write( "\n" ); document.write( "a. $1101.15
\n" ); document.write( "b. $1412.12
\n" ); document.write( "c. $1044.50
\n" ); document.write( "d. $792.00
\n" ); document.write( "

Algebra.Com's Answer #119186 by jojo14344(1513)\"\" \"About 
You can put this solution on YOUR website!

\n" ); document.write( "Remember: \"A=P%281%2Bi%2Fm%29%5Emn\"
\n" ); document.write( "where, \"system%28P=Principal%2CA=Future+Value%2C+i=interest%2Cm=NumberofTimesCompounded%29\"
\n" ); document.write( "Continuing,
\n" ); document.write( "\"A=1200%281%2B0.11%2F4%29%5E%286%2A4%29\"
\n" ); document.write( "\"A=1200%281.0275%29%5E24\"
\n" ); document.write( "\"A=1200%2A1.917626\"
\n" ); document.write( "\"A=2301.15\"
\n" ); document.write( "so, interest earned, \"A-P\"
\n" ); document.write( "\"2301.15-1200=1101.15\"
\n" ); document.write( "ANSWER (a)
\n" ); document.write( "Thank you,
\n" ); document.write( "Jojo
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