Answer:

<h3>Answer c</h3>
Step-by-step explanation:

<h2>
45</h2><h2>___________________________________</h2>
Answer
Total amount earned after 16 years = $93649
Explanation:
The principal, P = $50,000
Interest rate, r = 4% = 4/100
r = 0.04
The time, t = 16 years
Number of times intesrest is compounded per year, n = 1
Total amount is calculated below:

Total amount earned after 16 years = $93649
Answer:
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