Ou are mailing a package that weighs 5 pounds, and sending it first class. The post office charges $0.44 for the first ounce, an
1 answer:
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Answer:
<h3> D) $276.26</h3>Step-by-step explanation:
Deposited amount initially (P) = $250.
Rate of interest(r) = 2.5% compounded monthly = 0.025
Number of years (t) = 4.
Number of months in an year (n) = 12.
Formula for compound interest:
.
Plugging values in formula, we get
A=276.26.
<h3>Therefore, correct option is D) $276.26.</h3>