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A deposit of $325 is made to a checking account that pays 4% annual interest, compounded quarterly.

A deposit of $325 is made to a checking account that pays 4% annual interest, compounded quarterly.
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18 votes
A deposit of $325 is made to a checking account that pays 4% annual interest, compounded quarterly.

User Yevgeniy Anfilofyev
by
7.4k points

1 Answer

10 votes

Answer:

The amount is $338.2 and the interest is $13.20

Explanation:

User Majbah Habib
by
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