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24-04-2020
Mathematics

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2. Latoya opens a savings account and deposits $1,525. The interest rate is 2.73 percent. Interest is
compounded quarterly. How much interest will her deposit earn in one year?

Respuesta :

pkinskid pkinskid

24-04-2020

Answer:

Step-by-step explanation:

Deposit = $1,525

Interest = 2.73%

Duration: 12 months

1,525/100 x 2.73/1

15.25 x 2.73

= 41.7 x 3

= $125.1

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