Makahynan Makahynan

08-02-2017
Mathematics

Answered

An investment of $250 pays 11% annual interest, compounded quarterly. What is the interest earned in 10 years?

$479.44

$729.44

$739.97

$489.97

Verified Answer :

oviemcmahan16 oviemcmahan16

13-02-2017

The interest earned in 10 years is B. $739.97.

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Cheergirl215 Cheergirl215

08-07-2018

$489.97 is the answer. 250*2.95987 = 739.9675-250= $489.97

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