How much interest will be earned on a $3200 investment at 7% compounded quarterly for 5 years? State your answer in terms of dollars, rounded to the nearest cent, but do not include a $ sign or the word "dollars" with your response.

4527.29

Step-by-step explanation:

P=3200(1+0.07/4)^4(5)

Formula

P=A(1+R/N) ^nt

A= amount=$3200

R=rate7% convert to decimal 0.07

T=time 5 years

N= quarterly(4)

Yearly would be 12

Daily 365 and

continuously would be a different formula

ruth is 6 years old

step-by-step explanation:

6 + 24 = 30,   so 6/30 = .2  

if you do 1/5 it also equals .2, so that is the answer.

is this part of a question or something