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A deposit of $3000 earns 7% annual interest. Find the amount in the account at the end of 4 years and the amount of interest earned during the 4 years if the interest is compounded quarterly. nt 1+-9″ Choose the correct formula from A = P 1 + or A= Pet The amount in the account at the end of 4 years is $3959.79 if the interest is compounded quarterly. (Round to two decimal places as needed.) The amount of interest earned during the 4 years is $ 959.79. (Type an integer or decimal rounded to two decimal places as needed.)

A deposit of $3000 earns 7% annual interest. Find the amount in the account at the end of 4 years and the amount of interest earned during the 4 years if the interest is compounded quarterly. nt 1+-9″ Choose the correct formula from A = P 1 + or A= Pet The amount in the account at the end of 4 years is $3959.79 if the interest is compounded quarterly. (Round to two decimal places as needed.) The amount of interest earned during the 4 years is $ 959.79. (Type an integer or decimal rounded to two decimal places as needed.)

Algebra and Trigonometry (MindTap Course List)
Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter4: Exponential And Logarithmic Functions
Section4.CT: Chapter Test
Problem 11CT
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A deposit of $3000 earns 7% annual interest. Find the amount in the account at the end of 4 years and the amount of interest earned during the 4 years if the interest is compounded quarterly. nt 1+-9″ Choose the correct formula from A = P 1 + or A= Pet The amount in the account at the end of 4 years is $3959.79 if the interest is compounded quarterly. (Round to two decimal places as needed.) The amount of interest earned during the 4 years is $ 959.79. (Type an integer or decimal rounded to two decimal places as needed.)
Transcribed Image Text:A deposit of $3000 earns 7% annual interest. Find the amount in the account at the end of 4 years and the amount of interest earned during the 4 years if the interest is compounded quarterly. nt 1+-9″ Choose the correct formula from A = P 1 + or A= Pet The amount in the account at the end of 4 years is $3959.79 if the interest is compounded quarterly. (Round to two decimal places as needed.) The amount of interest earned during the 4 years is $ 959.79. (Type an integer or decimal rounded to two decimal places as needed.)
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