Benji has $3,100 in a savings account which earns 7% interest compounded quarterly. He made no
additional withdrawals or deposits. What was the amount in the account after one quarter?

Question

Benji has $3,100 in a savings account which earns 7% interest compounded quarterly. He made no
additional withdrawals or deposits. What was the amount in the account after one quarter?
O $3,145.25
O $3,255.25
O $3,451.25
O $3,154.25

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