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Mr. Ellis deposited $3700 into a savings account for which interest is compounded quarterly at a rate of 1. 84%. How much interest will he earn after 6 years?

Mr. Ellis deposited $3700 into a savings account for which interest is compounded quarterly at a rate of 1. 84%. How much interest will he earn after 6 years?
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Mr. Ellis deposited $3700 into a savings account for which interest is compounded quarterly at a rate of 1. 84%. How much interest will he earn after 6 years?

asked
User IRunner
by
8.1k points

1 Answer

3 votes

Answer:

2.84%

Step-by-step explanation:

after 6 years

answered
User Chris Nash
by
7.1k points
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