Answer:
$896.70
Step-by-step explanation:
Amount( A) Devi earned can be calculated from the formula below
[tex]A =P ({ 1 + \frac{r}{m} })^{mt}[/tex]
Where,
P= principal=$750
r=rate=6%=0.06
m=compounding frequency=4
t=time=3yrs
[tex]A =750 ({ 1 + \frac{0.06}{4} })^{(4 \times 3)}[/tex]
[tex]A =750 ({ 1 + 0.015)}^{12}[/tex]
[tex]A =750 \times ({ 1.015)}^{12}[/tex]
[tex]A =750 \times 1.1956[/tex]
[tex]A = 896.70[/tex]
