Monday

October 20, 2014

October 20, 2014

Posted by **linda** on Tuesday, November 13, 2012 at 12:20pm.

- math -
**Reiny**, Tuesday, November 13, 2012 at 12:35pmamount = 12000(1.015)^4

= 12736.36

so we gained 736.36 in interest

or 736.40 to the nearest tenth of a dollar

**Answer this Question**

**Related Questions**

Math - What would be the amount of compound interest on $8,000 invested for one ...

math - What would be the compounded interest on $8,000 invested for onr year AT ...

Math - What would be the amount of compound interest on $8,000 invested for one...

MATH - What would be the amount of coumpound interest on $8,000 invested for one...

math - what would be the amount of compound interest on %6,000 invested for 2 ...

math - please help how do you figure out the compound interest on $8,000 ...

Math - I really need help with this problem I am not getting it at all anyhelp ...

math please explian - I know how to do simple interest on a loan but how would I...

algebra 2 - $9000 is invested at 8% compounded quarterly. In how many years will...

algebra II - $9000 is invested at 8% compounded quarterly. In how many years ...