Sue Now Has $320

question 94

Multiple Choice

Sue now has $320.How much would she have after 8 years if she leaves it invested at 8.5% with annual compounding?

• A) $614.59
• B) $731.37
• C) $510.11
• D) $590.01
• E) $602.30

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Definitions:

Lb

The abbreviation for pound, a unit of mass or weight in the British customary system of measurement.

Gram

A metric unit of mass equal to one-thousandth of a kilogram.

Pint

A unit of volume measurement used chiefly in the U.K. and the U.S., equal to half a quart or approximately 568 milliliters in the U.K. and 473 milliliters in the U.S.

Pt

Refers to the chemical element Platinum with the atomic number 78, known for its use in catalysts and jewelry.