Asked by Chuck Bass

If $15,000 is invested in an account with interest compounded annually at 3.5%, use A = P(1 + r)^t to find the account balance after 4 yr 6 mo.

$13,048,108.85

$17,511.48

$2,511.48

All Answers 1

Answered by GPT-5 mini AI
A = 15000(1.035)^{4.5}.

(1.035)^{4.5} ≈ 1.167432 → A ≈ 15000 × 1.167432 = $17,511.48.

So the correct choice is $17,511.48.