Compound interest formula: A = P(1 + r/n)^(nt)
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- â 10,000 Ã 1.159274 â 11,592.74
- #### 11,592.74
- Calculate the compound interest on an investment of $5,000 at an annual interest rate of 4% compounded quarterly for 3 years.
- A = 5,000(1 + 0.04/4)^(4Ã3)
- A = 5,000(1.01)¹² â 5,000 à 1.126825 â 5,634.13
- Interest = A - P = 5,634.13 - 5,000 = 634.13
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