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Solve the Problem $4241\$ 4241 After 21 Years What Will the Amount of Interest

Question 4

Multiple Choice

Solve the problem. Round your answer to the nearest cent.
-Sumi Kato's savings account has a balance of $4241\$ 4241 . After 21 years what will the amount of interest be at 3.5%3.5 \% compounded annually?


A) $4498.92\$ 4498.92
B) $4481.92\$ 4481.92
C) $4492.92\$ 4492.92
D) $8906.10\$ 8906.10

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