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Illusion [34]
3 years ago
12

Plz help me with this

Mathematics
1 answer:
Mkey [24]3 years ago
8 0

Answer: B) A = 750(1.04)ⁿ

<u>Step-by-step explanation:</u>

The formula for compounded annually is: A = P(1 + r)ⁿ   where

  • A (amount accrued) = <em>unknown</em>
  • P (amount invested) = $750
  • r (interest rate) = 4% -->(0.04)
  • t (time in years) = <em>unknown</em>

A = 750(1 + 0.04)ⁿ

  = 750(1.04)ⁿ

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