Ray Sugar's account
Principal: $1,700
Rate: 9.5% compound
Length of period: quarter
Third quarter's interest: _________
Subtract the balance after 2 quarters from the balance after 3 quarters:
1700(1+.095/4)^3 - 1700(1+.095/4)^2 = $42.32
Principal: $1,700
Rate: 9.5% compound
Length of period: quarter
Third quarter's interest: _________
1700(1+.095/4)^3 - 1700(1+.095/4)^2 = $42.32