Register
$1,200 is invested in an account earning 6.5% interest compounded annually. How much will there be in the account after 3 years? A. $1,361.07 B. $1,449.54 C. $1,434 D. $1,512 Please select the best answer
114k views
0 votes
$1,200 is invested in an account earning 6.5% interest compounded annually. How much will there be in the account after 3 years?

A.
$1,361.07
B.
$1,449.54
C.
$1,434
D.
$1,512


Please select the best answer from the choices provided

A
B
C
D

User Elshan
by
8.1k points

1 Answer

1 vote

Answer:

B $1449.54

Step-by-step explanation:

1200 * 1.065^3 = 1449.54

User Sevic
by
6.8k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

Who was Adam Smith ? Anybody?
What can turn igneous rock into sediment?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
What is the best way to describe a stock market?
You sell popcorn during your schools football games. Knowing that the people usually buy more when the price is lower, how would you price your popcorn after halftime?
Link Copied!