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What is the final amount of a $300 investment earning 4.5% interest compounded quarterly for 3 years?
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What is the final amount of a $300 investment earning 4.5% interest compounded quarterly for 3 years?

User Moaz H
by
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1 Answer

9 votes
The formula A=P(1+(r/n))^nt should be followed when answering
300=P
R=0.045
N=4
T=3
300(1+(0.045/4))^4x3
Answer is=343.102
User Nan Xiao
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4.8k points
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