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Find the interest earned on $1,000 for 1 year at a 6% rate of interest when the interest is compounded quarterly.

Find the interest earned on $1,000 for 1 year at a 6% rate of interest when the interest is compounded quarterly.
asked 129k views
4 votes
Find the interest earned on $1,000 for 1 year at a 6% rate of interest when the interest is compounded quarterly.

asked
User Fragmentedreality
by
7.8k points

1 Answer

3 votes

Answer:

1060

Explanation:

answered
User Paddy Popeye
by
7.8k points
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