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Linda invests $5000 into an account that pays 11% compounded quarterly. How much interest will she get after 5 years? ​

Linda invests $5000 into an account that pays 11% compounded quarterly. How much interest will she get after 5 years? ​
asked 137k views
4 votes
Linda invests $5000 into an account that pays 11% compounded quarterly. How much interest will she get after 5 years? ​

asked
User Vitya Shurapov
by
7.7k points

1 Answer

4 votes

Answer:

$2750

Explanation:

I= PRT/100

I= 5000x11x5=275000/100=$2750

answered
User Roz
by
8.6k points
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