SOLUTION: Please help!!!! Andrea Gilford's savings account has a balance of $ 169. After 2 years, the amount of interest at 12% compounded quarterly will be $________.

Algebra ->  Absolute-value -> SOLUTION: Please help!!!! Andrea Gilford's savings account has a balance of $ 169. After 2 years, the amount of interest at 12% compounded quarterly will be $________.      Log On


   

Question 590334: Please help!!!!
Andrea Gilford's savings account has a balance of $ 169. After 2 years, the amount of interest at 12% compounded quarterly will be $________.
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
A=169(1+0.12/4)^4*2
A=169(1.03)^8
A=169(1.26677)
A=$214.08