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The Amount of an Investment a After 36 Months Can

Question 205

Multiple Choice

The amount of an investment A after 36 months can be modeled by the formula The amount of an investment A after 36 months can be modeled by the formula where P is the initial investment amount and r % is the interest rate. If Marcus invests $2000 in this account with an interest rate of 3.7500% how much money will be in the account at the end of 36 months? (Rounded to the nearest hundredths) A) $7526.65 B) $2006.25 C) $2000 D) $72225.00 E) $2237.75 where P is the initial investment amount and r % is the interest rate. If Marcus invests $2000 in this account with an interest rate of 3.7500% how much money will be in the account at the end of 36 months? (Rounded to the nearest hundredths)


A) $7526.65
B) $2006.25
C) $2000
D) $72225.00
E) $2237.75

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