6 Jada has a compound interest savings
account for college as shown below. The
account is compounded monthly. How much
money is in Jada's account at the end of
3 years?
Principal, p
Interest
Rate,r
Additional
Time, te
Deposit
$100 at end of
$100
5%
3 years
each year
A $419.52
B $423.76
C $427.52
D $431.76