Question

PLZ PLZ HELP

Answer 1

Answer: Choice A) 114,932.80

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Work Shown:

A = P*e^(r*t)

A = 47000*e^(0.0526*17)

A = 114,932.799077198

A = 114,932.80

Notes:

• P = 47,000 is the principal or amount deposited
• r = 0.0526 is the decimal form of 5.26%
• The "e" refers to the special constant e = 2.718... which is similar to pi = 3.14... I would let your calculator handle this constant. There should be a button labeled "e".