Yes because the fractions denominator gets bigger the numerator gets smaller
I think answer should be d. Please give me brainlest let me know if it’s correct or not okay thanks bye bye
I believe the answer is the first option
This was the formula that was given.
A is the final amount, which is what we're solving for.
P is the original money amount, which is $5,000
r is the interest rate, which is 1%, or 0.01
m is the amount of times the interest is compounded per year. Since the interest is compounded quarterly, interested is compounded 4 times per year.
t is the time the money is in the bank, which is 2 years
That's all we need to solve the equation now
That's your answer
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