How much would $200 invested at 5% interest compounded monthly be worth after 9 years? Round your answer to the nearest cent.𝐴(𝑡)=𝑃(1+𝑟𝑛)𝑛𝑡A(t)=P(1+ nr ) nt A.$313.37B.$310.27C.$207.63D.$363.82SUBMITarrow_backPREVIOUS
Question
How much would 313.37B.207.63D.$363.82SUBMITarrow_backPREVIOUS
Solution
Para resolver esta pregunta, utilizaremos la fórmula del interés compuesto:
Donde:
- es el monto principal (inicial), que es $200.
- es la tasa de interés anual, que es 5% o 0.05.
- es el número de veces que se compone el interés por año, que es 12 (mensualmente).
- es el número de años, que es 9.
Sustituyendo estos valores en la fórmula:
Primero, calculamos el término dentro del paréntesis:
Luego, elevamos este resultado a la potencia de :
Finalmente, multiplicamos este resultado por el monto principal:
Por lo tanto, la respuesta correcta es:
B. $310.27
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