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OpenStudy (anonymous):
After 3 years what is the total amount of an investment of $1500 in an account paying 3.5% interest, compounded quarterly?
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OpenStudy (anonymous):
$1665.31 $1724.36 $1908.42 $2266.60
OpenStudy (anonymous):
@sleepyjess
OpenStudy (anonymous):
@iGreen
OpenStudy (anonymous):
I think the answer is A
OpenStudy (igreen):
We can write the exponential function: \(f(x) = 1500(1 + 0.035)^x\)
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OpenStudy (igreen):
Plug in 3 for 'x' and solve.
OpenStudy (anonymous):
so It is A. Thanks iGreen
OpenStudy (igreen):
Yep, you got it.
OpenStudy (igreen):
@kevindragonlord
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