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Help!!! I need help with this and I need it so bad!!

Help!!! I need help with this and I need it so bad!!-example-1
User Kodra
by
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2 Answers

3 votes

Answer:

Explanation:

User Spec
by
4.7k points
3 votes

The amount she will get is $3000
(1+0.2)^(16) Option C

Explanation:

Given,

Principal (P) = $ 3000

Rate of interest (R) = 2%

Time (T) = 18 -2 years = 16 years

To find the amount she will get.

Formula:

Amount = P(
1+(R)/(100) )^(T)

Now,

Putting, P = 3000, R = 2%, T = 16 we get,

Amount =
3000(1+(2)/(100) )^(16)

= 3000
(1+0.2)^(16)

User Agua From Mars
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3.9k points