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Someone please help me will give BRAILIEST!!!

Someone please help me will give BRAILIEST!!!-example-1
User HondaGuy
by
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1 Answer

3 votes
Answer: Choice D) $32,977.84

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Step-by-step explanation:

The formula you'll use is
F = P*(1+r)^t

where
F = final amount
P = initial amount
r = growth rate (in decimal form)
t = time in years

In this case,
F = unknown (this is what we're trying to figure out)
P = 25839
r = 0.05 (since 5% = 5/100 = 0.05)
t = 5

Plug those three known values into the formula and evaluate

F = P*(1+r)^t
F = 25839*(1+0.05)^5
F = 25839*(1.05)^5
F = 25839*1.2762815625
F = 32977.8392934376
F = 32977.84 ........... round to the nearest penny
User TheWaveLad
by
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