Answer:
33832.80
Step-by-step explanation:
Given that 13500 dollars is deposited in savings bank at 8.44% for 11 years
Compounding quarterly
Effective interest = [tex]\frac{8.44}{400} =0.0211[/tex]
Effective time = 11(4) = 44
Hence total amount after 11 years
=[tex]13500(1.0211)^{44} \\=33832.80[/tex]
