SOLUTION: If $600 is invested at 17% compounded quarterly, what is the interest earned after:
a) 5 years
Interest earned = $
b) 6 years
Interest earned = $
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-> SOLUTION: If $600 is invested at 17% compounded quarterly, what is the interest earned after:
a) 5 years
Interest earned = $
b) 6 years
Interest earned = $
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Question 1198823: If $600 is invested at 17% compounded quarterly, what is the interest earned after:
a) 5 years
Interest earned = $
b) 6 years
Interest earned = $ Answer by ikleyn(52781) (Show Source):
(a) interest earned = dollars. Use your calculator.
(b) interest earned = dollars. Use your calculator.
Happy calculations.
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To see many other similar (and different) solved problems on compounded interest accounts, look into the lesson
- Compounded interest percentage problems
in this site.
