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3 years ago

I WILL GIVE BRAINLIEST. Please help!

Mathematics

1 answer:

valina [46]3 years ago

8 0

Answer: 2.5%

Step-by-step explanation:

Hi, to answer this question we have to apply the compounded interest formula:

A = P (1 + r/n) nt

Where:

A = Future value of investment (principal + interest)

P = Principal Amount

r = Nominal Interest Rate (decimal form, 10/100= 0.1)

n= number of compounding periods in each year (365)

Replacing with the values given

A=250(1+0.1/1)^t/1

A=250(1.1)^t

For a interest compounded annually, n=1, compounded quarterly n= 4 (4quarters in a year )

Interest rate 0.1 /4 = 0.025= 2.5%

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3 years ago

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