Use the Compound Amount Formula $A = P \left( 1 + \frac { r } { n } \right) ^ { n t }$

question 30

Multiple Choice

Use the compound amount formula $A = P \left( 1 + \frac { r } { n } \right) ^ { n t }$ to find the accumulated amount on an investment of $\$ 1,500$ invested at an interest rate of $10 \%$ for 18 months, if the interest is compounded weekly.

• A)$9,058.80
• B)$1,795.52
• C)$1,552.78
• D)$1,742.50

---

Definitions:

Loyalty

A strong feeling of support or allegiance, often seen in consumer behavior as repeated business or advocacy for a particular brand, product, or service.

Quid Pro Quo

A Latin term meaning "something for something," referring to a mutual agreement where something is given in return for something else.

Devil's Advocate

A person who expresses a contentious opinion in order to provoke debate or test the strength of the opposing arguments.

Preparedness Hypothesis

The theory that suggests humans are more rapidly and persistently conditioned to stimuli perceived as evolutionary threats compared to neutral stimuli.