The balance of a savings account t months since it was opened depends on the APR.If the APR is A, expressed as a decimal, then the balance is given by .
What is the balance after 8.00 years if the APR is 6.00 percent? (Be sure first to express the APR as a decimal.)

A) $161923.43
B) $10198.15
C) $6575.19
D) None of the above

Question

The balance of a savings account t months since it was opened depends on the APR.If the APR is A, expressed as a decimal, then the balance is given by  . ​
What is the balance after 8.00 years if the APR is 6.00 percent? (Be sure first to express the APR as a decimal.)
​
A) $161923.43 
B) $10198.15 
C) $6575.19 
D) None of the above

Quizplus · Accepted Answer

The Answer of The balance of a savings account t months since it was opened depends on the APR.If the APR is A, expressed as a decimal, then the balance is given by  . ​
What is the balance after 8.00 years if the APR is 6.00 percent? (Be sure first to express the APR as a decimal.)
​
A) $161923.43 
B) $10198.15 
C) $6575.19 
D) None of the above

The Balance of a Savings Account T Months Since It