Question

Write a compound interest function to model the following situation. Then, find the balance after the given number of years. $16,000 invested at a rate of 1.2% compounded monthly;7 years
A. A=16,100 (1.001)^7t; $17,469

B. A=16,100 (1.1)^12t; $6,766,377,209

C. A=16,100(1.001)^12t; $17,510

D. A=16,000(0.001)^12t; $24,150

Answer 1

Answer:

The answer to this question is:

A = 16,100(1.001)12t; $17,510

Step-by-step explanation:

Answer 2

Answer:

Step-by-step explanation:b