Jane invested $1,200 at 9% interest compounded quarterly. how much money will she
have after 7 years?

The Amount after 7 years of investment is $2193.6

Step-by-step explanation:

Given as :

The invested principal = p = $1200

The rate of interest = r = 9%

Then time period for investment = t = 7 years

Let The amount after 7 years =  $ A

From Compound Interest method

Amount = Principal ×  

Or, A = p ×

Or, A = $1200 ×

Or, A = $1200 ×

or, A = $1200 × 1.8280

or , A = $2193.6

So amount after 7 years of investment = A = $2193.6

Hence The Amount after 7 years of investment is $2193.6 Answer

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step-by-step explanation: