Use this information to answer the following question. If $200 is invested at 7 percent APR,which of the following formulas would be used to determine to how much the deposit would grow at the end of three years?
A)$200 ´ 0.935 ´ 3
B)$200 ¸ 0.816
C)$200 ¸ 2.624 ´ 3
D)$200 ´ 2.624

Question

Use this information to answer the following question.  If $200 is invested at 7 percent APR,which of the following formulas would be used to determine to how much the deposit would grow at the end of three years?
A)$200 ´ 0.935 ´ 3 
B)$200 ¸ 0.816 
C)$200 ¸ 2.624 ´ 3 
D)$200 ´ 2.624

Quizplus · Accepted Answer

The Answer of Use this information to answer the following question.  If $200 is invested at 7 percent APR,which of the following formulas would be used to determine to how much the deposit would grow at the end of three years?
A)$200 ´ 0.935 ´ 3 
B)$200 ¸ 0.816 
C)$200 ¸ 2.624 ´ 3 
D)$200 ´ 2.624

Use This Information to Answer the Following Question