9514 1404 393
Answer:
$1686.05
Step-by-step explanation:
The amount with compound interest is ...
A = P(1 +r/n)^(nt)
for principal P earning annual rate r compounded n times per year for t years.
A = $1600(1 +0.0175/4)^(4·3) = $1686.05
The balance after 3 years is $1686.05.
