Answer:
$138.27.
Step-by-step explanation:
Given that it is required to obtain the amount of money that arises from $ 100 invested at 11% compounded quarterly after a period of 3 years, to determine said amount the following calculation must be performed:
X = 100 x (1 + 0.11 / 3) ^ 3x3
X = 100 x (1 + 0.03666) ^ 9
X = 100 x 1.03666 ^ 9
X = 100 x 1.3827
X = 138.27
Thus, the amount that will arise from said investment is $ 138.27.
