Find the amount in the bank account described. Use a calculator and round to the nearest cent.If P dollars are deposited in an account that pays 9% annual interest, then the amount of money in the account after 3 years is P(1 + 0.09)3. Find the amount when P = $50.
A. $164.75
B. $64.75
C. $54.50
D. $163.50
Answer: B
Mathematics
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