Find the accumulated amount after 7 years if $1,200 is invested at 3% per year, compounded: (Round each answer to the neares a. Annually: $ 1475.85 b. Semiannually: $ 1312.13 c. Quarterly: d. Monthly: Submit answer Answers (in progress) Score Answer

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 69SGR
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Find the accumulated amount after 7 years if $1,200 is invested at 3% per year, compounded: (Round each answer to the nearest cent.)
a. Annually:
$ 1475.85
b. Semiannually:
$ 1312.13
c. Quarterly:
%24
d. Monthly: $
Submit answer
Answers (in progress)
Score
Answer
-/1
1475.85
12
(?
3/
Transcribed Image Text:Find the accumulated amount after 7 years if $1,200 is invested at 3% per year, compounded: (Round each answer to the nearest cent.) a. Annually: $ 1475.85 b. Semiannually: $ 1312.13 c. Quarterly: %24 d. Monthly: $ Submit answer Answers (in progress) Score Answer -/1 1475.85 12 (? 3/
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