The speed of a river current is 7 mph. If a boat travels 20 miles downstream in the same time that it takes to travel 10 miles u
1 answer:
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we know that
The compound interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
substitute in the formula above
therefore
<u>the answer is the option D </u>
Step-by-step explanation:
the solution is found in the images above
