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HELP!! Nate deposits $220 into an account that earns 2.5% interest, compounded quarterly. Calculate the amount in the account after one year.

HELP!! Nate deposits $220 into an account that earns 2.5% interest, compounded quarterly. Calculate the amount in the account after one year.
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2 votes
HELP!!

Nate deposits $220 into an account that earns 2.5% interest, compounded quarterly. Calculate the amount in the account after one year.

asked
User Pravitha V
by
8.2k points

1 Answer

5 votes
i think the answer will be $225.50
answered
User Fernandojsg
by
8.5k points
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