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    Business Mathematics Study Set 1
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    Exam 10: Compound Interest and Inflation
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    Use the Table to Solve the Problem
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Use the Table to Solve the Problem

Question 17

Question 17

Multiple Choice

Use the table to solve the problem. Round to the nearest cent. Use the table to solve the problem. Round to the nearest cent.   -Andrea Gilford's savings account has a balance of $73. After 4 years, what will the amount of interest be at 8% compounded quarterly? A) $27.21 B) $18.21 C) $32.21 D) $2.92
-Andrea Gilford's savings account has a balance of $73. After 4 years, what will the amount of interest be at 8% compounded quarterly?


A) $27.21
B) $18.21
C) $32.21
D) $2.92

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