Register

Which of these equations would give you the balance on an account with a principal of $3000 and an interest rate of 8%, compounded quarterly, after 5 years?

Which of these equations would give you the balance on an account with a principal of $3000 and an interest rate of 8%, compounded quarterly, after 5 years?
32.9k views
1 vote
Which of these equations would give you the balance on an account with a principal of $3000 and an interest rate of 8%, compounded quarterly, after 5 years?

User Abelenky
by
8.1k points

1 Answer

0 votes
It would be 3000 x 1.08^5
User Feras Odeh
by
8.5k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!