Use the Compound Interest Formula to Compute the Total Amount

question 135

Multiple Choice

Use the compound interest formula to compute the total amount accumulated.
-$2830 for 5 years at 3% compounded semiannually

• A) $3254.50
• B) $3048.71
• C) $3280.75
• D) $3284.33

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Definitions:

Hydrochloric Acid

A strong corrosive acid that is used in the digestive system to help digest food and kill bacteria.

Herbivores

Animals that eat plants as their primary source of food, using special adaptations to digest a largely vegetarian diet.

Cellulose

An organic compound with the formula (C6H10O5)n, a polysaccharide consisting of a linear chain of several hundred to many thousands of β(1→4) linked D-glucose units, a primary structural component of plant cell walls.

Digestive Tracts

The series of hollow organs joined in a long, twisting tube from the mouth to the anus, where food is broken down and nutrients are absorbed.