Question

Plz help me with this

Answer 1

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