Brent Pokott borrowed $4000 from his brother Dave. He agreed to repay the money at the end of 3 years, giving Dave the same amount of interest that he would have received if the money had been invested at 1.25% compounded quarterly. How much money did Brent repay his brother?

(Round to the nearest cont as needed)

Brent repay $4152.61 to his brother.

Step-by-step explanation:

Formula to calculate compound amount :

, where P= principal amount

r= rate of interest (in decimal)

t= time

As per given, we have

P= $4000

t= 3 years

r= 1.25% = 0.0125  [we divide a percentage by 100  to write in simple form]

Now, substitute these values in the formula

Hence, Brent repay $4152.61 to his brother.

here is your mark brainliest