Question

For my option I choose b or d can I please get some help

Answer 1

`FV\text{ = 2500(1+0}.03)^4\text{ (option A)}`Step-by-step explanation:

Amount invested = $2500

rate = 3% = 0.03

n = number of times compounded

n = annually = 1

time = 4 years

To get the future value after 4 years, we will apply the compund interest formula:

`\begin{gathered} FV\text{ = P(1 +}(r)/(n))^(nt) \\ \text{where FV = future value} \\ P\text{ = principal = 2500, r = rate, t = time} \\ n\text{ = number of times compounded} \end{gathered}`

substitute the values into the formula:

`\begin{gathered} FV\text{ = 2500(1 + }(0.03)/(1))^(1*4) \\ FV\text{ = 2500(1+0}.03)^4 \\ \\ FV\text{ = 2500(1+0}.03)^4\text{ (option A)} \end{gathered}`