The Amount of an Investment a After 36 Months Can

question 205

Multiple Choice

The amount of an investment A after 36 months can be modeled by the formula where P is the initial investment amount and r % is the interest rate. If Marcus invests $2000 in this account with an interest rate of 3.7500% how much money will be in the account at the end of 36 months? (Rounded to the nearest hundredths)

• A) $7526.65
• B) $2006.25
• C) $2000
• D) $72225.00
• E) $2237.75

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Definitions:

Conceptually Independent

Describes the state of being free from influence or control by another concept, idea, or factor.

Heteronormativity

The belief or assumption that heterosexual relationships are the norm or default sexual orientation, which can marginalize and exclude non-heterosexual behaviors and identities.

Gender Neutral

Not specific to any gender; inclusive of all genders or not categorized by gender at all.

Heterosexuality

A sexual orientation characterized by an emotional, romantic, or sexual attraction to individuals of the opposite sex.