Sara Invested $5700 into an Account with an Interest Rate

question 223

Multiple Choice

Sara invested $5700 into an account with an interest rate of 3.3% each year compounded daily. How much money will be in the account after 3 years (rounded to the nearest hundredth) ?

• A) $5891.23
• B) $6293.15
• C) $6283.13
• D) $798899612.18
• E) $5888.10

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Definitions:

Spyware

Software that is installed on a computer without the user's knowledge and is used to monitor internet activity or steal personal information.

Well-Known Brands

Brands that are widely recognized by the public and associated with a particular quality, image, or product type.

Deceptive Advertisement

A form of advertising that misleads or deceives consumers by misrepresenting the nature, characteristics, benefits, or true costs of products or services.

Reasonable Consumer

A hypothetical person who uses common sense and average judgment in purchasing goods and services.