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Solve the Problem $193\$ 193 After 5 Years, What Will the Amount of Interest

Question 85

Multiple Choice

Solve the problem. Round to the nearest cent.
-Andrea Gilford's savings account has a balance of $193\$ 193 . After 5 years, what will the amount of interest be at 10%10 \% compounded quarterly?


A) $123.25\$ 123.25
B) $128.25\$ 128.25
C) $114.25\$ 114.25
D) $9.65\$ 9.65

Correct Answer:

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