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October 25, 2014

October 25, 2014

Posted by **unknown** on Friday, May 28, 2010 at 7:16pm.

- essential Mathematics -
**unknown**, Friday, May 28, 2010 at 7:18pmfind the amount after one year $1,000 invested at 6% per year if interest is a simple interest.

compound interest compounded quarterly.

- essential Mathematics -
**drwls**, Friday, May 28, 2010 at 7:36pm3200.00 x (1.015)^12 = $3825.98 for quarterly compound interest.

For your second (simple interest) question, just increase the initial deposit by 6%.

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