Use the formula A $$A = P \left( 1 + \frac { r } { n } \right) ^ { n }$$ to find the amount requested.
-A principal of $1,000 is invisted in an account paying on annual interest rate of 11%. Find the amount in the account after 12 years if hte account is compounded quarterly.
A) $2498.45
B) $3883.28
C) $3151.76
D) $3498.45

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The Answer of Use the formula A $$A = P \left( 1 + \frac { r } { n } \right) ^ { n }$$ to find the amount requested.
-A principal of $1,000 is invisted in an account paying on annual interest rate of 11%. Find the amount in the account after 12 years if hte account is compounded quarterly.
A) $2498.45
B) $3883.28
C) $3151.76
D) $3498.45

Use the Formula A A=P(1+rn)nA = P \left( 1 + \frac { r } { n } \right) ^ { n }A=P(1+nr​)n

Use the Formula A $A = P \left( 1 + \frac { r } { n } \right) ^ { n }$