Determine the Balance a ( to the Nearest Cent)for P=3,000

question 89

Multiple Choice

Determine the balance A ( to the nearest cent) for P=3,000 dollars invested at a rate r=10% for t=10 , compounded one time per year. Round the answer to two decimal places.

• A)$33,000.00
• B)$4,781.23
• C)$3,000.00
• D)$6,000.00
• E)$7,781.23

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