Matthew deposits $400 into an account that earns 7% interest compounded quarterly. What is the balance in his account after 10 y
ears? (Round to the nearest dollar)
2 answers:
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Answer:
B
Step-by-step explanation:
So we have the expression:
Since 5 goes into both 15 and 50, we can factor out a 5. First, rewrite the numbers as:
Factor out the 5:
So, our answer is B
And we're done!