Can anyone pls help.

Mathematics

1 answer:

zvonat [6]3 years ago

5 0

I believe that it is B as if you use deductive reasoning, you know that each unit is 0.01, so that means any answers with whole numbers in the multiplication is wrong which leads me to the answer choice B

You might be interested in

Felipe Rivera's savings account has a balance of 2163 After 3 years what will the amount of interest be at 4%

Allisa [31]

$\bf ~~~~~~ \textit{Compound Interest Earned Amount} \\\\ A=P\left(1+\frac{r}{n}\right)^{nt} \quad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\dotfill &\$2163\\ r=rate\to 4\%\to \frac{4}{100}\dotfill &0.04\\ n= \begin{array}{llll} \textit{times it compounds per year}\\ \textit{quarterly, thus four} \end{array}\dotfill &4\\ t=years\dotfill &3 \end{cases} \\\\\\ A=2163\left(1+\frac{0.04}{4}\right)^{4\cdot 3}\implies A=2163(1.01)^{12}\implies A\approx 2437.322540175$