HELP I NEED HELP ASAP HELP I NEED HELP ASAP HELP I NEED HELP ASAP HELP I NEED HELP ASAP HELP I NEED HELP ASAP HELP I NEED HELP A

Question

3 years ago

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SAP HELP I NEED HELP ASAP HELP I NEED HELP ASAP

1 answer:

Andre45 [30] · Answer 1 · 2022-05-01T08:00:04+03:00

Answer:

D.) the amount in the account increase by 4% each year

Step-by-step explanation:

Compound interest formula: P*(1+r/n)^(nt)

P=initial principal balance

r=interest rate

n=times applied per [time (eg year)]

t=number of time periods gone by

The expression: 2500(1.04)^x

The expression: 2500(1+1/25)^(nt)

1.04=1+1/25=increases by 4% each year