document.write( "Question 822506: Jim Marino invested 1500 in a savings account that earns 4% interest compounded quarterly. Use the compound interest formula A= (1+r/n)^nt to determine the amount in Jim's account after 5 years. \n" ); document.write( "

Algebra.Com's Answer #494992 by ewatrrr(24785) $\"\"$ $\"About$

You can put this solution on YOUR website!

 
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document.write( "Hi, In General 
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document.write( "A = Accumulated Amount
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document.write( "P= principal = 1500
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document.write( "r= annual rate = .04
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document.write( "n= periods per year = 4
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document.write( "t= years =  5
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