How much would $200 invested at 6% interest compounded annually be
worth after 6 years? round your answer to the nearest cent.
a(t) = p(1+
o
a. $286.67
o
b. $283.70
o
c. $272.00
o
d. $212.30

$283.7

Step-by-step explanation:

The formula of compound interest is given as  

where, P is the invested principal amount.

A is the amount the sum finally grows up to.

t is the number of years the principal is invested for.

r = the % annual compound interest rate.

and n is the number of times the principal is compounded in each year.  

Now, in our case P = $200, r = 6%, t = 6 years and n = 1

So, Dollars (Answer)