Question

Plz help got it wrong show work plz

Answer 1

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