Question

If ​$250 is invested at 7​% compounded ​(A) annually, ​ (B) quarterly, ​ (C) monthly, what...

If ​$250 is invested at 7​% compounded ​(A) annually, ​ (B) quarterly, ​ (C) monthly, what is the amount after 4 ​years? How much interest is​ earned?

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Answer #1

Write the formula for the compound interest and amount and substitute the given information to get the required solution

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