Lupe deposits a sum of $13,000 into an account that pays interest at the rate of r/year compounded monthly. Her investment at the end of 10 yr is given by
.
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Approximately how much more would Lupe's account be worth at the end of the term if her account paid 5.1%/year instead of 5%/year? 5.2%/year instead of 5%/year? 5.3%/year instead of 5%/year?
?
(Hint: Use the differential of A to answer this questions.)
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A. $203.22, $446.45, $669.67
B. $212.22, $428.45, $642.67
C. $212.22, $426.45, $642.67
D. $213.22, $446.45, $639.67
E. $213.22, $426.45, $639.67
Answer: E
Mathematics
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