Frederick deposited $200 in the bank. the bank paid him interest compounded quarterly at the rate of 5 percent per year.

how much money will he have in his account at the end of 6 months?

$205.03

$205

$10

$5.03

A) $205.03

The formula for calculating compounded interest is , where r is the rate of change (0.05), n is the number of times per year interest is compounded (4), s is the starting amount (200), and t is the number of years (0.5).

Substitute these values in to get . The fraction can be simplified further to get .

Now simplify the multiplication in the exponent to get . Then solve the exponent.

Finally, multiply. You end up with $205.03125, which can be rounded to $205.03.

Please consider marking my answer as Brainliest to help me advance.

Answer: d. 48 step-by-step explanation: i used a calculator so i am 100% sure these are right   mark as brainliest?