6,000 invsted for 4 years compounded quarterly at 3.6%, what is the total amount of the investment

Question

 this question has been very difficult for me and s keeping me from getting a 100 on my home w0rk in my advanced math class

Answer 1

The compound interest formula is A = P(1 + r/n)^nt

Where A is the final amount

P is the principle or initial amount invested

r is the interest rate as a decimal

n is the number of times per year the interest is compounded

t is the total time in years of the investment

 

Plugging in the information given we have:

 

A = 6000(1 + .036/4)⁽⁴⁾⁽⁴⁾

 

A = 6000(1.009)¹⁶

A = $6924.84