If $2,500 is deposited into a new account that earns 2% interest compounded quarterly and there are no other deposits or withdrawals, how much interest is earned after 15 years?

Question

07-02-2021
Mathematics

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If $2,500 is deposited into a new account that earns 2% interest compounded quarterly and there are no other deposits or withdrawals, how much interest is earned after 15 years?

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