Can u pls help me with this question
1 answer:
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Answer:
Option (B) is correct.
To prove
As given the epression in the question is given by
Now simplify the above
Terms are written as
Put in the above expression.
The formula required is:
where A is the amount after t years of the principal P invested at an annual interest rate r (expressed as a decimal fraction) compounded n times per year.
Plugging in the given values, we get:
The final amount is $22,096.17
where A is the amount after t years of the principal P invested at an annual interest rate r (expressed as a decimal fraction) compounded n times per year.
Plugging in the given values, we get:
The final amount is $22,096.17