Question

I need help with this ??????

Answer 1

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➷  The formula you need for this is:

Final value = original value x multiplier^n

[n is the number of years]

First, we must calculate the multiplier

1 + (4/100) = 1.04

Substitute this into the equation:

Final = 240000 x 1.04^12

Solve:

Final = 384247.7325

Thus, your answer is option D.

✽

➶ Hope This Helps You!

➶ Good Luck (:

➶ Have A Great Day ^-^

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