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3 years ago

PLEASE HELP ASAP!! CORRECT ANSWER ONLY PLEASE!!!

Business

1 answer:

Katena32 [7]3 years ago

7 0

Answer:

Explanation:

So lets go over our information.

We know that the initial balance is 1,250

We know that the compund rate is the stuff inside the parethese is 0.012/4(we will pick that apart later)

We know that t is the amount of periods.

We know that the 4 means quarterly compounding.

So right of the bat, we can tell that it can only be B or D.

Next, we can use the information in the parethese to find the answer between the two.

So, looking at the 0.012, we can tell that if we shift it into percentage form(multiply by 100) we can find that its 1.2%.

This number inside the parethese, which is now 1.2%, is our interest rate.

<u>So the answer must be D.</u>

Hope this helps!

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