Benji has $3,100 in a savings account which earns 7% interest compounded quarterly. He made...
80.2K
Verified Solution
Link Copied!
Question
Basic Math
Benji has $3,100 in a savings account which earns 7% interest compounded quarterly. He made noadditional withdrawals or deposits. What was the amount in the account after one quarter?O $3,145.25O $3,255.25O $3,451.25O $3,154.25
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
