Question

Helpppppppp againnnnn

Answer 1

We have compound interests, so:


`a_1=600\\\\r=4\%=0.04`

and:


`A(n)=a_1(1+r)^((n-1))\\\\\boxed{A(n)=600(1+0.04)^((n-1))}\\\\\\A(5)=600(1+0.04)^((5-1))=600(1.04)^(4)=600\cdot1.17\approx\boxed{701.92}`

Answer B.