Answer:
$36,241.20
Step-by-step explanation:
Compounded Interest Rate Formula: A = P(1 + r/n)^nt
Since we are given P, r, n, and t, simply plug it into the formula:
A = 35000(1 + 0.035/4)⁴⁽¹⁾
A = 35000(1 + 0.00875)⁴
A = 35000(1.00875)⁴
A = 35000(1.03546)
A = 36241.2
