Question
Dan's grandmother started a college savings account for him when he was born. The account earns 2.5% interest compounded annually. If you know the account's value after 15 years is A, which expression tells you the account's value after 18 years?
a) 1.025^3 times A
b) 0.025^3 times A
c) 0.025 +3A
d) 3 times 0.025 + A
e) 3 times 1.025 + A
f) 3 times 1.025^A
a) 1.025^3 times A
b) 0.025^3 times A
c) 0.025 +3A
d) 3 times 0.025 + A
e) 3 times 1.025 + A
f) 3 times 1.025^A
Answers
GPT 3.5
a) 1.025^3 times A
Related Questions
When Greg was born, his grandmother put $5000 in a savings account for his college expenses. It was...
Dan's grandmother started a college savings account for him when he was born. The account earns 2.5%...
Aerial's grandmother gave her $5,500.00 to save for her college education. She went to the bank to...
Aerial's grandmother gave her $5,500.00 to save for her college education. She went to the bank to o...