Register

Gisele deposits $3,500 into an account that earns 3% interest, compounded quarterly. What will be the balance of the account after 4 years? Round to the nearest cent, if necessa…

Gisele deposits $3,500 into an account that earns 3% interest, compounded quarterly. What will be the balance of the account after 4 years? Round to the nearest cent, if necessa…
34.0k views
4 votes
Gisele deposits $3,500 into an account that earns 3% interest, compounded quarterly. What will be the balance of the account after 4 years?

Round to the nearest cent, if necessary.

User Dan Dohotaru
by
8.3k points

1 Answer

5 votes

Answer: $ 875

Explanation:

3,500-0.03(4)

3,499.97/4

= $875

User Bodhi
by
7.9k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!