The amount of money A accrued at the end of
n years when a certain amount Pis invested at
a compound annual rate r is given by
A= P(1+r)". If a person invests $150 at 5%
interest compounded annually, find the
approximate amount obtained at the end of 5
years.
[A] $191
[B] $4500
[C] $1139
[D] $900