Multiple Choice
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) $7526.65
B) $2006.25
C) $2000
D) $72225.00
E) $2237.75
Correct Answer:
Verified
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