Andrea Gilford's savings account has a balance of $169. After 2 years, what will the amount of interest be at 12% compounded quarterly? a. $50.08 b. $119.08 c. $45.08 d. $214.08

Intermediate Algebra
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ISBN:9780998625720
Author:Lynn Marecek
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Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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Andrea Gilford's savings account has a balance of $169. After 2 years, what will the amount of interest be at 12% compounded quarterly?

a.

$50.08

b.

$119.08

c.

$45.08

d.

$214.08

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