> Interest Compound question?

Interest Compound question?

Posted at: 2014-12-05 
If Maya places her$500 savings in an account that pays her4 percent interest compound quarterly, how much interest will she earn on her investment?

How much she earns will depend on how long she holds the investment.

=($500*i/4)+($505*i/4)+($510.05*i/4)+($5...

If Maya places her$500 savings in an account that pays her4 percent interest compound quarterly, how much interest will she earn on her investment?