To solve for this question using the formula, plug in your known values where r is the rate (2.3%), P is the principal amount ($35,000), and t is the time in years. However, keep in mind when you plug the percent rate into the formula, you must first convert it to a decimal which would be 0.023. Now that you have this, plug your values into the equation:
A=35,000(1+0.023)^20
When simplified, you should get a result of about $55,154.47 or the second answer choice.
Answer:
2
Step-by-step explanation:
For The International Business Club: y = 250.50 - 35m,
For The Future Agricultural Leaders Club: y = 300 - 45.25m.
So the answer is 250.5 - 35m = 300 - 45.25m