Answer:
C. The total value is $375
Step-by-step explanation:
Given
p=$250, r=.05 , t= 10
Required
Total Value.
Before solving this, I'll make an assumption that t = 10 represent 10 years and I'll assume that the above data are for simple interest
Having said that, I'll solve further.
Total Value or Amount is calculated using the amount formula.
A = P(1 + rt)
By substituting the following: P = $250, r = 0.05 , t = 10;
The equation becomes:
A = $250(1 + 0.05 * 10)
A = $250(1 + 0.5)
A = $250(1.5)
Open bracket
A = $250 * 1.5
A = $375
Hence, the total value is $375.
