Find the Compound Interest Earned by the Deposit $\$ 1400$ At $4 \%$

Multiple Choice

Find the compound interest earned by the deposit. Round to the nearest cent.
- $\$ 1400$ at $4 \%$ compounded quarterly for 4 years

A) $\$ 237.80$
B) $\$ 224.00$
C) $\$ 241.61$
D) $\$ 1456.85$