You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 4% interest compounded quarterly. By how much will your deposit have grown after 3 years (in dollars)? (Round your answer to the nearest cent.) $126.80

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
ChapterCSR: Contents Of Student Resources
Section: Chapter Questions
Problem 7.36EP
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You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 4% interest compounded quarterly. By how much will your deposit have grown after 3 years (in dollars)? (Round
your answer to the nearest cent.)
$126.80
Transcribed Image Text:You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 4% interest compounded quarterly. By how much will your deposit have grown after 3 years (in dollars)? (Round your answer to the nearest cent.) $126.80
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