Question

3. The parents of a newborn girl want to invest $1000 in some kind of saving plan that their child could

Answer 1

Answer:

A. 1000x75t=i

B. 1000(1+5%/n)^t

Step-by-step explanation:

i=prt     interest principle rate time

a=p(1+r/n)^t amount principle rate number of times interest is compound time

Hope this helps.