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The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate. Principal $6500 Rate. 2% Compounded. quarterly Time. 3 years A. Find how much
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The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate.

Principal $6500
Rate. 2%
Compounded. quarterly
Time. 3 years

A. Find how much money there will be in the account after the given number of years.
B. Find the interest earned.

User Shridatt
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4 votes

Answer:

A. After 3 years, the amount in the account will be $6730.40.

B. The interest earned will be $230.40.

Explanation:

User Rushikesh
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