Question 7 • Mathematics III
Use the compound interest formula with P = 6,000, r = 0.015, n = 12, and t = 4. This gives 6,000(1 + 0.015/12)^(12 × 4) ≈ $6,370.78. Therefore, the account will contain about $6,370.78 after 4 years, which is choice A.
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