Question

Find the compound interest earned by the deposit of $1800 at 6% compounded quarterly for 6 years.

$648.00
$753.33
$1,968.20
$773.11

Please help me out, i really can't seem to figure this out. If you could show me how you do it along with the answer it'd be really helpful

Answer 1

for compound interest questions know the formula , after that just substitute accordingly
if the question is asking for the interest , do not forget to subtract off the amount you started with