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4 votes
Hey there! posted picture of question help please

Hey there! posted picture of question help please-example-1

2 Answers

4 votes
$283.70, could be right could be wrong. I just took 200 and multiplied it by 1.06 that which represents 6% 6 times.
User Bite Bytes
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8.2k points
4 votes
For this case we have the following function:
A (t) = P (1 + r / n) ^ nt
Substituting values we have:
A (6) = 200 * (1 + 0.06 / 1) ^ (1 * (6))
A (6) = 283.7038225
Rounding we have:
A (6) = 283.70
Answer:
The answer for this case is given by:
A (6) = 283.70
option B
User Alfredo Osorio
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9.1k points