Calculate the compound interest on an investment of $45,000 at 6% interest, compounded quarterly, for 3 years.

$8802.82

Step-by-step explanation:

The formula to find the compound amount if the interest is compounded quarterly :-

, where P is the principal amount, r is the rate of  interest( in decimal )and t is time (in years).

Given : P=$45,000  ; r= 6%=0.06 and t= 3 years

Then,

Now, The compound interest is given by :-

Hence, the compound interest = $8802.82

i would pic false cause it goes down towards negative

step-by-step explanation:

answer is 144

step-by-step explanation: