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Kazeer [188]
3 years ago
11

Which formula can be used to find the account balance ??

Mathematics
2 answers:
inessss [21]3 years ago
6 0

Answer:

The correct answer is option C.

Step-by-step explanation:

Simple interest

S.I = \frac{P\times R\times T}{100}

P = Principal amount

R = Rate

T = Time period

We have:

P = $250

R = 3%

Amount present at beginning of year 14 means that amount made in 13 years of time period = A

T = 13 years

A=P+S.I

A= \$250+\frac{\$250\times 3\times 13}{100}

A = $347.50

The general formula of the given situation will be:

A= \$250+\$250\times 0.03\times (n-1)

The amount in beginning of year 14 wil be $347.50.

Ipatiy [6.2K]3 years ago
4 0
It’s b since 3% times 250 equals 7.4 and 7.4 times 14 equals 105 so you add 105 to 250 and you get 355
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