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

question 14

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 $\$ 250$ invested at an interest rate of $6 \%$ for 5 years, if the interest is compounded monthly.

• A)$334.56
• B)$1,325.00
• C)$8,246.92
• D)$337.21

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Definitions:

Biological Portion

Component or section of a biological sample or structure with specific functions or characteristics.

Phosphorus

A chemical element essential for life, playing key roles in biological molecules like DNA, RNA, and ATP, and involved in energy transfer within cells.

Biological Magnification

The process by which the concentration of toxic substances increases in each successive link in the food chain.

Bioaccumulation

The concentration of a chemical pollutant in the tissues of an organism rises over the course of the organism’s lifetime.