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AGummiBear55 Group Title

PLEASE HELP!! Lucas opened a savings account 20 years ago with a deposit of $3,815.24. The account has an interest rate of 3.3% compounded quarterly. How much interest has Lucas earned?

  • one year ago
  • one year ago

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  1. srw1496 Group Title
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    Did they give you a formula for this?

    • one year ago
  2. AGummiBear55 Group Title
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    That's what I kinda need help with. I think it's something like I=Prt, but I'm probably wrong. I'm really confused on what formula to use. :/

    • one year ago
  3. srw1496 Group Title
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    I think that's the right formula. Sorry it took me so long my computer spazzed out lol. There's also another formula for more complicated problems but I don't know that one, @hba might though.

    • one year ago
  4. hba Group Title
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    You messaged after 10 min,Wow.

    • one year ago
  5. srw1496 Group Title
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    I already apologized for answering late, my computer had a spazz attack and I had to restart it, anyway that's not the point here.

    • one year ago
  6. AGummiBear55 Group Title
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    I think I got the answer... I used the A=P(1+r/n)^nt formula and got the answer 3,546.50. Is that right, you think?

    • one year ago
  7. AGummiBear55 Group Title
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    And it's okay, my computer spazzes all the time... lol. I know how it is. (:

    • one year ago
  8. srw1496 Group Title
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    Well is it one of your choices or does this question have choices? Haha yeah I don't know what it was doing lol

    • one year ago
  9. AGummiBear55 Group Title
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    Yeah, it is one of my choices, so I'm pretty sure it's the right answer. lol. Thanks for the help anyway. (:

    • one year ago
  10. srw1496 Group Title
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    Haha well I tried (: good luck !

    • one year ago
  11. hba Group Title
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    Well,You did it Congo. Can i have a cookie ?

    • one year ago
  12. AGummiBear55 Group Title
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    lol... thanks. && Cookie? :/ whaa??

    • one year ago
  13. hba Group Title
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    I am the Cookie monster :)

    • one year ago
  14. AGummiBear55 Group Title
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    lol.. (;

    • one year ago
  15. hba Group Title
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    C is for cookie and cookie is for me.

    • one year ago
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