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The Amount of an Investment a After 36 Months Can

Question 66

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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)  $7,526.65 B)  $2,006.25 C)  $2000 D)  $72,225.00 E)  $2,237.75 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) $7,526.65
B) $2,006.25
C) $2000
D) $72,225.00
E) $2,237.75

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