Suppose your grandparents put $500 into an investment that earns 12% interest each year. how much, to the nearest cent, will be in the account after 10 years? (remember, the formula is a = p(1 + r)t.) a. $1552.92 b. $1296.87 c. $1569.21 d. $1947.99

Answer

After the 10 years with accrued interest, there will be roughly $1,552.92 in the account.

Explanation

Using the given equation A = P(1 +r)^t

We are given that our initial start is $500.

P = 500

We are further told that the percentage interest gained is 12%, so we need to convert this into a decimal to be able to work with it.

12% / 100% = 0.12

r = 0.12

t is then our time in years

t = 10

A = 500(1 + 0.12)^10

A = 500(1.12)^10

A = 500(3.1058)

A = 1,552.92

After the 10 years with accrued interest, there will be roughly $1,552.92 in the account.

think about the doctor who treated the major and the speaker in the short story "in another country." put yourself in the shoes of the doctor, and based on what you read in the story, write what you think his thoughts about the major and the speaker would be. use the following vocabulary in your response and change the form of these words as needed: detached resign withered