document.write( "Question 1179104: Find the interest earned on these amounts for 1 year at 4% interest if interest is compounded quarterly.\r
\n" ); document.write( "\n" ); document.write( "$600 $24,000 $180 $1,500
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Algebra.Com's Answer #808611 by MathLover1(20850)\"\" \"About 
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\n" ); document.write( " Find the interest earned on these amounts for \"1\" year at \"4\"% interest if interest is compounded quarterly.\r
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\n" ); document.write( "\n" ); document.write( "$\"600\", $\"24000\", $\"180\", $\"1500\"\r
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\n" ); document.write( "\n" ); document.write( "First, convert \"R\" as a percent to \"r+\"as a decimal\r
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\n" ); document.write( "\n" ); document.write( "\"r+=+R%2F100\"
\n" ); document.write( "\"r+=+4%2F100\"
\n" ); document.write( "\"r+=+0.04\" rate per year,\r
\n" ); document.write( "\n" ); document.write( "Then solve the equation for A\r
\n" ); document.write( "\n" ); document.write( "\"A+=+P%281+%2B+r%2Fn%29%5E%28nt%29\"...............if $\"P=600\"
\n" ); document.write( "\"A+=+600%281+%2B+0.04%2F4%29%5E%284%2A1%29%0D%0A%7B%7B%7BA+=+600%281+%2B+0.01%29%5E%284%29\"
\n" ); document.write( "\"A+=+624.36\"\r
\n" ); document.write( "\n" ); document.write( "P (principal) = $\"600\"
\n" ); document.write( "I (interest) = $\"24.36\"\r
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\n" ); document.write( "\n" ); document.write( "\"A+=+P%281+%2B+r%2Fn%29%5E%28nt%29\"..............if $\"P=24000\"
\n" ); document.write( "\"A+=+24000%281+%2B+0.04%2F4%29%5E%284%2A1%29%0D%0A%7B%7B%7BA+=+24000%281+%2B+0.01%29%5E4\"
\n" ); document.write( "\"A+=+24974.49624\"\r
\n" ); document.write( "\n" ); document.write( "P (principal) = $\"24000\"
\n" ); document.write( "I (interest) = $\"974.50\"\r
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\n" ); document.write( "\n" ); document.write( "\"A+=+P%281+%2B+r%2Fn%29%5E%28nt%29\"...............if $\"P=180\"
\n" ); document.write( "\"A+=+180%281+%2B+0.04%2F4%29%5E%284%2A1%29%0D%0A%7B%7B%7BA+=+180%281+%2B+0.01%29%5E%284%29\"
\n" ); document.write( "\"A+=+187.31\"\r
\n" ); document.write( "\n" ); document.write( "P (principal) = $\"180\"
\n" ); document.write( "I (interest) = $\"7.31\"\r
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\n" ); document.write( "\n" ); document.write( "\"A+=+P%281+%2B+r%2Fn%29%5E%28nt%29\"...............if $\"P=1500\"
\n" ); document.write( "\"A+=+1500%281+%2B+0.04%2F4%29%5E%284%2A1%29%0D%0A%7B%7B%7BA+=+1500%281+%2B+0.01%29%5E%284%29\"
\n" ); document.write( "\"A+=+1560.91\"\r
\n" ); document.write( "\n" ); document.write( "P (principal) = $\"1500\"
\n" ); document.write( "I (interest) = $\"60.91\"\r
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