Find the compound interest earned by the deposit. Round to the nearest cent.$120,000 at 1.03% compounded quarterly for 5 years.

A. $27,295.10
B. $1552.98
C. $6308.63
D. $6333.54


Answer: D

Mathematics

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A.


B.


C.


D.


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What will be an ideal response?

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First, round the mixed numbers to the nearest whole number and estimate the answer. Then find the exact answer and write it in simplest form.1 ? 8

A. 14
B. 10
C. 8
D. 11

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