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20 July, 07:01

Michelle invests $1000 at a bank offering 3% compounded quarterly. Write an equation to model the growth of the investment.

A) A = 1000 (1.03) 4t

B) A = 1000 (1+.03

4

) t

C) A = 1000 (1+.03

4

) 4t

D) A = 1000 ((1.03)

4

) 4t

+1
Answers (2)
  1. 20 July, 09:13
    0
    A = 1000 (1+.034) 4t

    is what I got
  2. 20 July, 09:14
    0
    A = 1000 (1 +.034) 4t

    is the answer
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