Aaron puts $1,000 in an account that pays 10% interest compounded quarterly. he leaves it in the account for six months. estimate how much interest he earns. a. $50 b. $100 c. $150 d. $200

. $50

Step-by-step explanation:

The formula to find the compound amount (compounded quarterly) is given by :-

, where P Is principal amount, r is the rate of interest in decimal and t is the time in years.

Given : Aaron puts $1,000 in an account that pays 10% interest compounded quarterly.

Then, P=1000, r=10%=0.1 ; t= year

Now,

Then , Compound interest=

Hence, he earns the estimated interest of $50.

13cm

step-by-step explanation:

(apex)