Posted by **shaunta** on Monday, March 11, 2013 at 12:21am.

1. If you were to place $15,000 in the bank at 3% interest, how much would you have in the bank after one year if the interest were compounded quarterly?

- business math/finance -
**Dr. Jane**, Monday, March 11, 2013 at 11:04am
A = 15000(1+.03/4)^4

## Answer this Question

## Related Questions

- compound interest - 1. If you were to place $15,000 in the bank at 3% interest, ...
- Math - $15,000 in the bank at 3% interest, how much would you have in the bank ...
- Compound interest - Hello My teacher skipped over this and I have no clue how to...
- Mathematics and investment - 1. Angelo wants to renovate his house in 3 years. ...
- Math - If 3000 dollars is invested in a bank account at an interest rate of 6 ...
- Calculus Please help! - If 7000 dollars is invested in a bank account at an ...
- Alg 2 - Suppose you deposit a principal amount of p dollars in a bank account ...
- Alg2 - Help....Help... Suppose you deposit a principal amount of p dollars in a ...
- Math - A $20,000 deposit was placed in a bank paying 5.75% interest compounded ...
- College Algebra - bank a is lending money at 5.7% interest compounded annually. ...