A bank representative Studies compound interest so she can better serve customers. She analyzes what happens when $2000 earns interest several different ways at a rate of 4% for three years.

1. 22

2. 1

3. 7

4. 18

step-by-step explanation

e2020 got it right

im here

step-by-step explanation:

yes, gavin is right.

step-by-step explanation:

gavin is correct. 

this problem is about converting 9% per year to how many percent per quarter. the rate is still the same. it only differed in the time period. so, through dimensional analysis,

9% per year  × (1 year / 4 quarters) = 2.25% per quarter

if he was asked to convert 9% per year to how many percent per quarter  compounded quarterly, then you will not simply divide by four. this is because compounding is not linear.

hope this , have a good day. c;