Compound Word Problems

How long must $277 be invested at a rate of 4% compounded quarterly to earn $22.95 in interest?

• 2 years

• 3 years 

• 1.5 years

• 3.5 years

• F

• G

• H

• J

• F

• G

• H

• J

• F

• G

• H

• J

• F

• G

• H

• J

• A

• B

• C

• D

• A

• B

• C

• D

• A

• B

• C

• D

• F

• G

• H

• J

• F

• G

• H

• J