MATHEMATICS HIGH SCHOOL

How much would $200 invested at 5% interest compounded monthly be worth after 9 years? Round your answer to the nearest cent. 


A. $207.63
B. $310.27
C. $363.82
D. $313.37

Answers

Answer 1
Answer: A = P(1 + (r)/(n))^(nt)
A = 200(1 + (0.05)/(12))^((12)(9))
A = 200(1 + (1)/(240))^(108)
A = 200(1(1)/(240))^(108)
A = 200(1.56684664942)
A = 313.369329884
A = \$313.37

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Answers

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Answers

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Please help me quickly

Answers

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C)

E)

F)

Step-by-step explanation:

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Answers

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Answers

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Step-by-step explanation:

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Answers

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