Answer:
B. $2253.65
Explanation:
Use the formula for compound interest.
F = P(1 + r/n)^(nt)
F = future value
P = present value
r = interest rate (written as decimal)
n = number of times interest is compounded each year
t = number of years
F = unknown
P = $2000
r = 4% = 0.04
n = 4
t = 3
F = $2000(1 + 0.04/4)^(4 × 3)
F = $2253.65