Which of these equations would give you the balance on an account with a principal of $3000 and an interest rate of 8%, compounded quarterly, after 5 years?

**A.** B=3000(1+.08)5

**B.** B=3000(1+.08)20

**C.** B=3000(1+.02)5

**D. **B=3000(1+.02)20

Mathisfornerds Mar 11, 2018