A person invests $4200 in an account paying 3.6%, compounded quarterly. Find the amount in the account after 4 years. 1 The amount in the account after 4, years is approximately (Simplify your answer. Round to the nearest cent.)

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 3E
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A person invests $4200 in an account paying 3.6%, compounded quarterly. Find the amount in the account after 4 years.
The amount in the account after 4, years is approximately $ .
(Simplify your answer. Round to the nearest cent.)
Enter your answer in the answer box.
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Transcribed Image Text:A person invests $4200 in an account paying 3.6%, compounded quarterly. Find the amount in the account after 4 years. The amount in the account after 4, years is approximately $ . (Simplify your answer. Round to the nearest cent.) Enter your answer in the answer box. esc FI F2 F3 FS @ #3 % & 2 4. 5 Q W E R S F G エ
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