What principal will amount to S1750 if invested at 3% interest compounded quarterly for 5 years?

$1,507.08

Step-by-step explanation:

You are going to want to use the compound interest formula, which is shown below.

A = total balance

r = interest rate

n = number of times compounded annually

t = time

First, change 3% into its decimal form:

3% -> -> 0.03

Next, plug in the values:

Your answer is $1,507.08

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step-by-step explanation: