Question

Select the correct answer from each drop-down menu.

Answer 1

Answer: 1st Blank: Product

2nd Blank: Sum

3rd Blank: Years

I'm sorry I get this wrong, please tell me if it is wrong.

Answer 2

Answer:

Product, sum, and years

Step-by-step explanation:

The compound interest formula is -

$A=P(1+\frac{r}{n})^{nt}$

where P = 250

r = 1.8% or 0.018

n = 2 (semiannually)

t = t

The given scenario can be modeled as:

$250(1+\frac{0.018}{2})^{2t}$

We have to fill in the blanks:

The expression is the PRODUCT of the amount initially deposited($250) and the SUM of one and the rate of increase(1.8%) raised to the number of compounding period and YEARS (2t).