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

question 94

Multiple Choice

Use the formula A $$A = P \left( 1 + \frac { r } { n } \right) ^ { n }$$ to find the amount requested.
-A principal of $1,000 is invisted in an account paying on annual interest rate of 11%. Find the amount in the account after 12 years if hte account is compounded quarterly.

• A) $2498.45
• B) $3883.28
• C) $3151.76
• D) $3498.45

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Definitions:

Outermost Shell

The outermost layer of electrons in an atom, which determines its chemical properties and reactivity.

Potassium

A chemical element, symbol K, essential for various bodily functions, including nerve signal transmission and muscle contraction.

Alkaline

Having a pH greater than 7, indicating a base where concentration of hydroxide ions is greater than that of hydrogen ions.