Question 603361
  <pre><font face = "Tohoma" size = 4 color = "indigo"><b> 
Hi,
Note:  In General: {{{A = P(1+r/m)^mt}}}
P= principal = 1000
r= annual rate = .028
m= periods per year = 12
t= years = 1/4
{{{A = 1000(1+.028/12)^3}}}
{{{A = 1000(1.002)^3}}}
A= $1006.01
interest earned in 3 months = $6.01