Answer:
a
because 1 1/2 * 1 1/2 *1 = 2 1/4
9514 1404 393
Answer:
$12,720
Step-by-step explanation:
The amount is given by the formula ...
A = P(1 +rt)
where P is the principal, invested at rate r for t years.
A = $12,000(1 +0.06·1) = $12,720
The total amount after 1 year is $12,720.