Question

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Answer 1

The answer is the top left choice.

Explanation:

Answer 2

Answer:
`P(1+(r)/(100))^n`

Explanation:

We know that the exponential equation for growth is given by :-

`y=A(1+(r)/(100))^t`, where A is the initial amount , r is the rate of growth ( in percent) and t is the number of time period.

Similarly,

If P is the principal amount or initial amount deposited or borrowed.

r is the interest rate over a given period ( in percent).

n is the number of times that the interest is compounded.

Then, the total accrued using compound interest will be :-

`A=P(1+(r)/(100))^n`

Hence, the correct expression for the total accrued using compound interest :
`P(1+(r)/(100))^n`