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$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
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$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
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