Me after 3 years what is the total amount of an investment of $1500 in an account paying 3.5% interest, compounded quarterly?

Step-by-step explanation:

Use the formula

where A(t) is the amount after the compounding is done, r is the interest rate in decimal form, P is the initial investment amount, n is the number of times it compounds per year, and t is the time in years.  For us,

A(t) = ?

r = .035

P = 1500

n = 4

t = 3

Therefore,

and

and

A(t) = 1500(1.11020345) so

A(t) = $1665.31

the entire expression should be subtracted from 30. to subtract the quantity, distribute the negative sign, which changes the signs on the terms. so, the –2 changes to positive and gets added to 30 instead of subtracted from it.

hope this ! ^w^