Determine the Balance a ( to the Nearest Cent)for P=3,000

Multiple Choice

Determine the balance A ( to the nearest cent) for P=3,000 dollars invested at a rate r=10% for t=10 , compounded one time per year. Round the answer to two decimal places.

A) $33,000.00
B) $4,781.23
C) $3,000.00
D) $6,000.00
E) $7,781.23