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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Definitions:

Bad Events

Unfavorable or negative occurrences that can impact an individual's mental or emotional well-being.

Optimistic Explanatory Style

A cognitive approach where individuals attribute positive events to their own qualities and negative events to external factors, contributing to resilience and well-being.

Negative Events

Undesirable or harmful occurrences that can cause stress, sadness, or trauma, negatively impacting an individual's mental and emotional well-being.

Temporary

Lasting for only a limited period; not permanent.