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
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