Question

HELP ME PLEASE

Answer 1

Let P be the final value
Let r be the rate
Let t be the time in years
Let C be the initial value
Let n be the number of times interest is given per year

P = C (1 + r/n) ^ (nt)

r = 0.075 (7.5%)
t = 3/4 years
C = $1500
r = 4 (4 quarters in one year)

P = C (1+r/n)^ (t/n)
= 1500 * (1 + 0.075/4) ^ (3/4 * 4)
= 1585.97

Have an awesome day!

If you are wondering, a quarter means 1/4 of a year.