Meghan deposited $2,500in an account at a bank that pays 16% compounded quarterly.

QuestionsCategory: MathMeghan deposited $2,500in an account at a bank that pays 16% compounded quarterly.
Fred Burton asked 8 months ago
Meghan deposited $2,500in an account at a bank that pays 16% compounded quarterly. Use the compound interest table to find the interest earned on the investment after 2 years.
a. $921.43
b. $204
c. $2,704
d. $3,421.43

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