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22 March, 06:39

2. Latoya opens a savings account and deposits $1,525. The interest rate is 2.73 percent. Interest is

compounded quarterly. How much interest will her deposit earn in one year?

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  1. 22 March, 07:08
    0
    Step-by-step explanation:

    Deposit = $1,525

    Interest = 2.73%

    Duration: 12 months

    1,525/100 x 2.73/1

    15.25 x 2.73

    = 41.7 x 3

    = $125.1
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