document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=248263>Question 248263</A>: <I><SPAN STYLE=\"word-break: break-all;\"> How much intrest is earned in 3 years on $3500.00 in an account paying 6% interest compounded quarterly </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #180925 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=180925\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> How much interest is earned in 3 years on $3500.00 in an account paying 6% interest compounded quarterly<BR>\n" );
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document.write( "A(t) = P(1+(r/n))^(nt)<BR>\n" );
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document.write( "A(t) = 3500(1+(0.06/4))^(4*3)<BR>\n" );
document.write( "A(t) = 4184.66<BR>\n" );
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document.write( "Interest earned is 4184.66-3500 = $684.66<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
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