Answer:
$300
Step-by-step explanation:
Multiply 1,200 by .25 and that is your answer
2.463877654353522256198573488 thats what it seaded
| 8 | | 1 | | 6 |
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| 3 | | 5 | | 7 |
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| 4 | | 9 | | 2 |
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</u>