Respuesta :

Initial amount = 200 = C

interest = 1% = r = 0.01 = 0.01/4 = 0.0025

compounded quaterly four times in a year

time = 4 years

Equation

Cf = C(1 + r/100) ^t

Substitution

Cf = 200(1 + 0.0025)^4

Cf = 200(1.0025)^4

Cf = 200(1.010037)

Cf = $202

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