Suppose that you invest $3,000 at 6% interest, compound quarterly, for 5 years. use Table 11-1 to calculate the compound interest (in $) on your investment.

YearYear InterestTotal InterestBalance

1$184.09$184.09$3,184.09

2$195.39$379.48$3,379.48

3$207.38$586.85$3,586.85

4$220.10$806.96$3,806.96

5$233.61$1,040.57 $4,040.57

Step-by-step explanation:

Base amount: $3,000.00

Interest Rate: 6% (yearly)

Effective Annual Rate: 6.14%

Calculation period: 5 years

hey seth! : )

i’m not 100% sure, but i think it’s b

hope this ya : p

miss u!

- nicole

you probably already have the answer but anyways it's b. 15.0

step-by-step explanation: