Question 4 1 pts
The amount of money, A, accrued at the end of n years when a certain amount, P, is
invested at a compound annual rate, r, is given by A= P(1 + r)". If a person
invests $300 in an account that pays 8.5% interest compounded annually, find the
balance after 15 years.
$1019.92
$4882.50
O $1106.62
$940.02