the balance of an account earning compounded interest is found using the formula A = p(1 = r)^t, where p is the principal :the amount invested), r is the interest rate, and t is the time in years. what is the account balance after 6 years, if $1,000 is invested at 8%? round your answer to the nearest whole number.
A. $1,080
B. $1,587
C. $1,480
D. $1,800
help?

Question

the balance of an account earning compounded interest is found using the formula A = p(1 = r)^t, where p is the principal :the amount invested), r is the interest rate, and t is the time in years. what is the account balance after 6 years, if $1,000 is invested at 8%? round your answer to the nearest whole number.
A. $1,080
B. $1,587
C. $1,480
D. $1,800
help?

jim_thompson5910 · Answer

A = P(1+r)^t

A = 1000(1+0.08)^6

A = ???

anonymous · Answer

?

jim_thompson5910 · Answer

evaluate that to get your answer

anonymous · Answer

I got B as the answer because I did 1.08*1.08*1.08*1.08*1.08*1.08+1000

anonymous · Answer

hanks jim and dev