Homework Help: Math

Posted by Anonymous on Thursday, June 10, 2010 at 5:15pm.

What would be the amount of compound interest on $8,000 invested for one year at 6%, compounded quarterly? Round your answer to the nearest dollar.

Math - Anonymous, Thursday, June 10, 2010 at 5:47pm
6%/4 = x%
$8,000./x%
Math - Reiny, Thursday, June 10, 2010 at 11:10pm
Amount = 8000(1 + .06/4)^4
= 8490.91
Math - joel, Friday, June 11, 2010 at 12:50am
y=3x-3.5

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