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AGummiBear55

  • 3 years ago

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?

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  1. srw1496
    • 3 years ago
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    Did they give you a formula for this?

  2. AGummiBear55
    • 3 years ago
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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. :/

  3. srw1496
    • 3 years ago
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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.

  4. hba
    • 3 years ago
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    You messaged after 10 min,Wow.

  5. srw1496
    • 3 years ago
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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.

  6. AGummiBear55
    • 3 years ago
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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?

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

  8. srw1496
    • 3 years ago
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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

  9. AGummiBear55
    • 3 years ago
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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. (:

  10. srw1496
    • 3 years ago
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    Haha well I tried (: good luck !

  11. hba
    • 3 years ago
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    Well,You did it Congo. Can i have a cookie ?

  12. AGummiBear55
    • 3 years ago
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    lol... thanks. && Cookie? :/ whaa??

  13. hba
    • 3 years ago
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    I am the Cookie monster :)

  14. AGummiBear55
    • 3 years ago
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    lol.. (;

  15. hba
    • 3 years ago
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    C is for cookie and cookie is for me.

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