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Find the Compound Interest Earned by the Deposit $4000\$ 4000 At 1%1 \%

Question 25

Multiple Choice

Find the compound interest earned by the deposit. Round to the nearest cent.
- $4000\$ 4000 at 1%1 \% compounded quarterly for 1121 \frac { 1 } { 2 } year


A) $60.15\$ 60.15
B) $60.38\$ 60.38
C) $240.00\$ 240.00
D) $246.08\$ 246.08

Correct Answer:

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