Solve the Problem. -Brad Invests $1500 in an Account Paying 3.5% Compounded Monthly

question 106

Multiple Choice

Solve the problem.
-Brad invests $1500 in an account paying 3.5% compounded monthly. How much is in the account After 7 months?

• A) $1908.42
• B) $1502.55
• C) $1530.89
• D) $1530.41

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Definitions:

Add

In mathematics, it refers to the operation of combining two or more quantities to achieve a sum.

Conj

Conj, short for conjunction, refers to the logical operator that connects two propositions, statements, or terms, where the compound statement is true if both components are true.

Simp

A colloquial expression indicating someone who goes to great lengths to gain the favor of another, often ignoring their own dignity.

Add

To combine one or more numbers or values to get a sum or total.