Answer
1131.82 dollars
Work Step by Step
We are asked to find the amount of interest accrued. Using the given numbers, we find:
$$A=800(1+.07/4)^{5*4}$$
$$A=800(1+.07/4)^{5*4}$$
Then, follow PEMDAS. In other words, first address parentheses, and then resolve exponents. Next, simplify division and multiplication, and lastly address subtraction and addition.
1131.82 dollars
