Kaylee invested $910 in an account paying an interest rate of 2.6% compounded
quarterly. Assuming no deposits or withdrawals are made, how much money, to the
nearest dollar, would be in the account after 10 years?

$1,179

Step-by-step explanation:

Lets use the compound interest formula provided to solve this:

P = initial balance

r = interest rate (decimal)

n = number of times compounded annually

t = time

First, lets change 2.6% into a decimal:

2.6% -> -> 0.026

Since the interest is compounded quarterly, we will use 4 for n. Lets plug in the values now:

The account balance after 10 years will be $1,179

answer: 38.47 is your answer

step-by-step explanation: hope i you and who ever sees this answer have a great rest of your day : )