EASY HELP savings account interest compounded quarterly

Mathematics
Tutor: None Selected Time limit: 1 Day

Martha's grandfather put $2000 in a savings account for Martha's college fund when she was born. If the account pays three percent interest, compounded quarterly, how much will Martha have for college when she is 18? 

A $3425 

B $2980

C $3125 

D$2896?

Feb 12th, 2015

2000(1+3/100*1/4)^72

=A $3425 

Feb 12th, 2015

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