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Olga deposited $1,500 in a savings account that pays 7.5% interest, compounded quarterly. What is the balance in her account at the beginning of the fourth quarter? a. $1,590 b. $1,560 c. $1,585.97 d.
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Olga deposited $1,500 in a savings account that pays 7.5% interest, compounded quarterly. What is the balance in her account at the beginning of the fourth quarter? a. $1,590 b. $1,560 c. $1,585.97 d. $1,591.81

User Trung Duong
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1 Answer

5 votes
It's about $1,585.97
c.
User Sergio Cano
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8.6k points
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