Kendrick opened a savings account and deposited $3,000.00 as principal. The account earns 6% interest, compounded quarterly. How much interest will he earn after 7 years?

$1551.67

Step-by-step explanation:

At Compound Interest, the Amount, A accrued by a Principal P for a period of t years compounded n times in a year at a rate of r is derived using the formula:

P=$3,000.00

r=6% = 0.06

n=4 (Since it is compounded quarterly)

t= 7 years

The Interest earned after 7 years will be:

Interest= Amount - Principal

          =4551.67 - 3000

          =$1551.67

hi how are you doing today? if you ever need just tell me

step-by-step explanation:

you estimate that the angle of elevation to the top of the 86th floor (the observatory) is 82 .the total height of the building is another 123 meters above the 86th floor.

leave feedback if u need : )