Solved

Use the Formula A A=P(1+rn)nt or A=Pert to solve. A = P \left( 1 + \frac { r } { n } \right) ^ { n t } \text { or } A = P e ^ { r t } \text { to solve. }

Question 296

Multiple Choice

Use the formula A A=P(1+rn) nt or A=Pert to solve. A = P \left( 1 + \frac { r } { n } \right) ^ { n t } \text { or } A = P e ^ { r t } \text { to solve. }
-Find the amount in a n account in which $6000 is invested for 3 years at 9% interest compounded monthly.


A) $7836.30
B) $6136.02
C) $6000
D) $7851.87

Correct Answer:

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