Solve the problem.Investment brokers use the formula A= P(1+ r )t  for the amount of money A in a client's account that earns compound interest. In this formula, P is the principal (the original amount of money that the client invested), r is the rate of return per time period and t is the number of time periods that the money has been invested.If P = $150, is deposited in an account that pays r = 0.08  annual interest, then calculate the amount of money in the account after n = 6 years .

A. $972.00
B. $338.03
C. $238.03
D. $18,075,490,334,784.00


Answer: C

Mathematics

You might also like to view...

Evaluate the expression. ?

Fill in the blank(s) with the appropriate word(s).

Mathematics

Give the equation of the vertical asymptote(s) of the rational function.g(x) = 

A. x = 1 B. x = 1, x = -6 C. x = -1, x = 6 D. x = -1

Mathematics

Analyze the graph of the given function f as follows:(a) Determine the end behavior: find the power function that the graph of f resembles for large values of |x|.(b)  Find the x- and y-intercepts of the graph.(c)  Determine whether the graph crosses or touches the x-axis at each x-intercept.(d)  Graph f using a graphing utility.(e)  Use the graph to determine the local maxima and local minima, if any exist. Round turning points to two decimal places.(f) Use the information obtained in (a) - (e) to draw a complete graph of f by hand. Label all intercepts and turning points.(g)  Find the domain of f. Use the graph to find the range of f.(h)  Use the graph to determine where f is increasing and where f is decreasing.f(x) = (x + 1)(x - 3)2

What will be an ideal response?

Mathematics

Solve the system by elimination.2x2 - 4y2 = 164x2 + 2y2 = 72

A. (4, 2), (-4, 2), (4, -2), (-4, -2) B. (-4, -2), (-2, -4) C. (4, 2), (2, 4), (-4, -2), (-2, -4) D. (4, -2), (4, 2)

Mathematics