The Amount of an Investment a After 36 Months Can

question 66

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) $7,526.65
• B) $2,006.25
• C) $2000
• D) $72,225.00
• E) $2,237.75

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Definitions:

Caitlin's Producer Surplus

The difference between what a producer (in this case, Caitlin) actually receives for selling a good and the minimum they would be willing to accept.

Producer Surplus

The difference between what producers are willing to accept for a good or service and what they actually receive, measured by the area above the supply curve and below the market price.

Whitewater Rafting

A recreational outdoor activity which uses an inflatable raft to navigate through rough or whitewater rivers.

Producer Surplus

The difference between the amount a producer is willing to accept for a good or service and the actual amount received from selling it at the market price.