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Plz help me with this

Plz help me with this
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2 votes
Plz help me with this

Plz help me with this-example-1
User Shaw
by
8.2k points

1 Answer

3 votes

Answer: B) A = 750(1.04)ⁿ

Explanation:

The formula for compounded annually is: A = P(1 + r)ⁿ where

  • A (amount accrued) = unknown
  • P (amount invested) = $750
  • r (interest rate) = 4% -->(0.04)
  • t (time in years) = unknown

A = 750(1 + 0.04)ⁿ

= 750(1.04)ⁿ

User Jan Wilamowski
by
7.8k points
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