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Luden [163]
2 years ago
9

PLS HELP

Mathematics
1 answer:
devlian [24]2 years ago
6 0

Answer:

<u>A</u>

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 :

  • <u>1500 = 700(1 + .05/4)^4x</u>
  • Option A
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