Question

15. Geraldine opened a savings account with a principal amount of $100. The interest is 105 compounded quarterly. At the end of six months, the amount of money in her savings account will be a. $100.00 b. $102.50 c. $102.56 d. $105.0616. Norman’s checking account reconciliation information is as follows: Bank balance $304.79 Checkbook balance $206.19 Unreturned checks $110.17 Unprocessed deposits $12.58 When the account is reconciled, the checkbook balance is a. $206.19 b. $207.20 c. $303.78 d. $304.79

Answer 1

Given:

principal amount of $100

The interest is 105 compounded quarterly

Required:

the amount of money in her savings account will be

Step-by-step explanation:

To solve this question first of all use the formula