11. 20. If $4,000 is invested in an account that earns an annual rate of 5.2% compounded quarterly, how much interest will be earned after 30 months? A. $496.03 B. $527.98 C. $551.50 D. $604.38 *Show/Illustrate/Explain all work that leads to your answer. You can use a calculator to find the decimal answer, just make sure to show the algebraic steps leading up to the answer*
11. 20. If $4,000 is invested in an account that earns an annual rate of 5.2% compounded quarterly, how much interest will be earned after 30 months? A. $496.03 B. $527.98 C. $551.50 D. $604.38 *Show/Illustrate/Explain all work that leads to your answer. You can use a calculator to find the decimal answer, just make sure to show the algebraic steps leading up to the answer*
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
Related questions
Question
![11.
20. If $4,000 Is invested in an account that earns
an annual rate of 5.2% compounded
quarterly, how much interest will be earned
after 30 months?
A. $496.03
B. $527.98
C. $551.50
D. $604.38
*Show/Illustrate/Explain all work that
leads to your answer. You can use a
calculator to find the decimal answer,
just make sure to show the algebraic
steps leading up to the answer*](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F409cee4a-60f6-4aa4-afef-be7f51867a9b%2F5acf20d0-0cfd-4a31-81b2-be57c122352a%2Fmoaqfe_processed.jpeg&w=3840&q=75)
Transcribed Image Text:11.
20. If $4,000 Is invested in an account that earns
an annual rate of 5.2% compounded
quarterly, how much interest will be earned
after 30 months?
A. $496.03
B. $527.98
C. $551.50
D. $604.38
*Show/Illustrate/Explain all work that
leads to your answer. You can use a
calculator to find the decimal answer,
just make sure to show the algebraic
steps leading up to the answer*
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