8
QuizMultiple Choice

Types of Compound Interest — Quiz

Question 8 • Financial Math

Leandro puts $1,200 in an investment fund with an annual rate of 7% compounded monthly. After 2.8 years, what will be the fund's worth? A=P⁢(1+(r)/(n))^n⁢t

Answer
A
1 dollars comma 451 point 8 2
B
1 dollars comma 459 point 0 0
C
1 dollars comma 223 point 6 8
D
8 dollars comma 063 point 0 0
Previous
Next