IsabellaRosette88231 IsabellaRosette88231

16-01-2024
Mathematics

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A principal amount of $1,100 is placed in a savings account with an annual interest rate of 5.95% compounded quarterly. How much interest does the account earn after 12 years?

a. $286.92
b. $382.54
c. $510.36
d. $681.80

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