2. Kelly plans to deposit her graduation money into an account and leave it there for 4 years while she goes to college. She receives $750 in graduation money and she deposits it into an account that earns 4.25% interest compounded annually. Which of the following represents how much will be in Kelly's account at the end of four years if she makes no other deposits or withdrawals into the account? A= P(1+r)*

Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Exponential And Logarithmic Functions
Section11.2: Applications Of Exponential Functions
Problem 27PS
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2. Kelly plans to deposit her graduation money into an account and leave it there for 4 years while she goes to college.
She receives $750 in graduation money and she deposits it into an account that earns 4.25% interest compounded
annually. Which of the following represents how much will be in Kelly's account at the end of four years if she makes no
other deposits or withdrawals into the account?
A= P(1+r)t
O A. 750 (0.0425) (4)
O B. 750(0.0425)* + 750
o c. 750(0.0425)*
O D. 750(1 + 0.0425)*
Transcribed Image Text:2. Kelly plans to deposit her graduation money into an account and leave it there for 4 years while she goes to college. She receives $750 in graduation money and she deposits it into an account that earns 4.25% interest compounded annually. Which of the following represents how much will be in Kelly's account at the end of four years if she makes no other deposits or withdrawals into the account? A= P(1+r)t O A. 750 (0.0425) (4) O B. 750(0.0425)* + 750 o c. 750(0.0425)* O D. 750(1 + 0.0425)*
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ISBN:
9781285195728
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning