There is a deposit of $9000 in an account that pays 1.46% annual interest. How do you find the balance after 3 years when the interest is compounded quarterly.

To set this up, use the function f (x) = a (b) ^x

where a is the starting value ($9000 in this case)

where b is the rate of change (1.46% would be (1+0.0146) in this case)

and x is the amount of time.

insert value into the equation to get

f (x) = 9000 (1+0.0146) ^3

and your answer would be

$9399.98