ria2389
ria2389 ria2389
  • 21-05-2019
  • Mathematics
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Plz help me with this

Plz help me with this class=
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tramserran
tramserran tramserran
  • 21-05-2019

Answer: B) A = 750(1.04)ⁿ

Step-by-step explanation:

The formula for compounded annually is: A = P(1 + r)ⁿ   where

  • A (amount accrued) = unknown
  • P (amount invested) = $750
  • r (interest rate) = 4% -->(0.04)
  • t (time in years) = unknown

A = 750(1 + 0.04)ⁿ

  = 750(1.04)ⁿ

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