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Oxana [17]
3 years ago
14

Please Help.

Mathematics
1 answer:
77julia77 [94]3 years ago
3 0

Answer:

Option D is the correct anwer

Step-by-step explanation:

This can be calculated using the relation,

A=P(1 +  \frac{r}{m})^{mt}

Where ,

A is total amount

P is the principal

r is the rate

t is the time

m is the compounding frequency

From the question,

P=$1500

r=3.5%=0.035

t=3yrs

m=4

By substitution,

A = 1500(1 +  \frac{0.035}{4})^{4 \times 3}

A = 1500(1 + 0.00875)^{12}

A = 1500 \times (1.00875)^{12}

A = 1665.305

A=$1665.31

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