Question

BRAINLIEST + POINTS! Please explain

Answer 1

Answer:

Option D. $\ 83.75$  

Step-by-step explanation:

we know that    

The compound interest formula is equal to  

$A=P(1+\frac{r}{n})^{nt}$  

where  

A is the Final Investment Value  

P is the Principal amount of money to be invested  

r is the rate of interest  in decimal

t is Number of Time Periods  

n is the number of times interest is compounded per year

in this problem we have  

$t=30\ years\\ P=\ 187.45*0.10=\ 18.745\\ r=0.05\\n=12$  

substitute in the formula above  

$A=\ 18.745(1+\frac{0.05}{12})^{12*30}=\ 83.75$