Question

Could some one plz help me with this question

P.S ignore the answer choices their wrong

25 Points

Answer 1

A

Explanation:

The formula for this type of interest is
`A=P(1+(r)/(n))^(nt)`, where A is the total amount, P is the initial investment, x is the interest rate, n is the amount of times that the investment is compounded a year, and t is the amount of years. Plugging in the numbers given, you get:

`A=1800(1+(0.025)/(2))^(2\cdot 12)=`

`1800(1.0125)^(24)\approx 2425.23`

Now, she invests this into a new account, and you can set up the following equation:

`A=2425.23(1+(0.04)/(12))^(12\cdot 7)=`

`2425.23(1.0033333)^(84)\approx 3207.40`, or option A.

Hope this helps!