Find the balance of an account after 7 years if $1,500 is placed into an an
account paying 1.2% interest compounded monthly. (Round to the nearest
cent)
OA) $1,630.63
O
B) $1,631.37
OC) $4,085.59
OD) $1,500

The answer should be about $1,626 using the A = P( 1 + rt ) formula but the closest answer given is A. I'd choose A.

Step-by-step explanation:

A = P(1 + rt)

A = 1500(1 + (0.012 × 7)) = 1626

A = $1,626.00

The total amount accrued, principal plus interest, from simple interest on a principal of $1,500.00 at a rate of 1.2% per year for 7 years is $1,626.00.

o= 4(i) +3

step-by-step explanation:

o is your output value and i is your input value. so, for example, if we stuck 7 in as our input, we would first multiply by 4 ( pemdas ), which equals 28. then we would add 3 to 28, for a total output of 31. this may not be a graph, but, it is a way to solve your formula..

answer: 2x + 2 − 2 = 10 − 2; subtraction property of equality

step-by-step explanation: