Question

Find the missing value.

I = ?, P = $250.00, r = 4%, t = 2 years
Select one:
$270
$3,125
$20
$2,000
PLEASE HELP ME

Answer 1

$3125

Explanation:

`A = P(1 + (r)/(100) )^(n)`

A = 250(1 + 0.25)ⁿ

A = (312.5)ⁿ

n = 10

A = $3125

A = I