Question

Please help ASAP! I will mark Brainliest! Please answer CORRECTLY! No guessing!

Answer 1

Answer:

Option D: 5591.93

Step-by-step explanation:

The best way to understand this question is to apply the formula in an indirect manner;

P - Principle number, Starting Value

T - Time

I - Interest

Let us convert the interest into decimal form, such that 3.8% is shifted two decimal points to the right ⇒ 0.038. Now add 1 to this value to get ⇒ 1.038. By PEDMAS, you would first raise this value to the span of 3 years as such:

(1.038)^3 = 1.118386872.......

The final step would by to multiply the starting value (investment $) $ 5,000 by this continuing value of 1.118386872:

5,000(1.118386872) = 5591.93436 ⇒ Rounded to (About) 5591.93

Answer 2

Answer:D

Step-by-step explanation:

principal=p=$5000

Rate=r=3.8%

Time=n=3 years

amount=a

a=p(1+r/100)^n

a=5000(1+3.8/100)^3

a=5000(1+0.038)^3

a=5000(1.038)^3

a=5000 x 1.038 x 1.038 x 1.038

a=5591.93

a=$5591.93