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

Question

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

Quizplus · Accepted Answer

The Answer of 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

The Amount of an Investment a After 36 Months Can