Suppose Emily Yu deposited $1,400 in an account that earned simple interest at an annual rate of 10% and left it there for 3 years. At the end of the 3 years, Emily deposited the entire amount from that account into a new account that earned 10% compounded quarterly. She left the money in this account for 8 years. How much did she have after the 11 years? Round your answer to the nearest cent.
?
A. $4,010.84
B. $5,197.15
C. $3,429.86
D. $3,088.77
E. $8,672.19
Answer: A
Mathematics
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