An investment of $250 pays 11% annual interest, compounded quarterly. What is the interest earned in 10 years?

$479.44

$729.44

$739.97

$489.97

Respuesta :

The interest earned in 10 years is B. $739.97.
$489.97 is the answer. 250*2.95987 = 739.9675-250= $489.97