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A principal of $835 in an account at 3% per quarter simple interest
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A principal of $835 in an account at 3% per quarter simple interest

A principal of $835 in an account at 3% per quarter simple interest-example-1
User YMM
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Take $835 and multiply by 0.3 and you get $25.05
If you add $25.05 to $835 you will get $860.05
Keep adding $25.05 and you will have sums of $885.10, $910.15, $935.20
So your answer is D.
User Wkzhu
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