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2 years ago

PLS HELP

Mathematics

1 answer:

devlian [24]2 years ago

6 0

Answer:

A

Step-by-step explanation:

Compound Interest Formula :

A = P (1 + r/n)^(nt)
A = amount with interest
P = Principal amount
r = rate (in decimal)
n = amount of times compounded
t = number of years

Here, we are given :

P = 700
r = 5% = 0.05
n = 4 (quarterly means 4 times a year)
A = 1500

Substituting the given values and taking x in place of t :

1500 = 700(1 + .05/4)^4x
Option A

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