Question

If A is the initial amount put into an account, P is the annual percentage rate of interest, which remains fixed, and the account compounds quarterly, which of the following is an expression, in terms of A and P, for the amount in the account after 5 years?

Answer 1

Answer:

If A is the initial amount put into an account, R is the annual percentage of interest written as a decimal, and the interest compounds annually, then which of the following would be an expression, in terms of A and R, for the interest accrued in three years?

(A)

(B)

(C)

(D)

(E)

If A is the initial amount put into an account, R is the annual percentage of interest written as a decimal, and the interest compounds annually, then which of the following would be an expression, in terms of A and R, for the interest accrued in three years?

(A) A( R)³

(B) A( R+R)³

(C) A (3R+R²+R³)

(D) 3A(R³)

(E) 3A (R+R²+R³)