Fred wants to invest the $1000 he received for his birthday. He finds an investment opportunity that will earn him 10% compounded monthly. How much money will Fred have after 3 years?

A
$1,002.46

B
$3,597.54

C
$1,348.18

D
$1,919.03

option C . $1,348.18

Step-by-step explanation:

we know that

The compound interest formula is equal to  

where  

A is the Final Investment Value  

P is the Principal amount of money to be invested  

r is the rate of interest  in decimal

t is Number of Time Periods  

n is the number of times interest is compounded per year

in this problem we have  

substitute in the formula above

2.

according to newton’s cannonball model, what happens if the cannonball's velocity is enough to overpower the pull of earth’s gravitystep-by-step explanation:

a

step-by-step explanation: