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Plz help got it wrong show work plz
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1 vote
Plz help got it wrong show work plz

Plz help got it wrong show work plz-example-1
User Johnny Bou
by
4.3k points

1 Answer

4 votes

Answer: C) $1951.53

Explanation:


A=P(1+r)^(t)

  • A is amount accrued (final balance)
  • P is the Principal (original amount deposited)
  • r is the rate (in decimal form)
  • t is the number of years

A=1500(1+0.068)⁴

= 1500(1.068)⁴

= 1951.53

User Michal Illich
by
5.6k points
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