Option a: is the equivalent expression.
Explanation:
The expression is where
Let us simplify the expression, to determine which expression is equivalent from the four options.
Multiplying the powers, we get,
Cancelling the like terms, we have,
This equation can also be written as,
Multiplying the terms in denominator, we have,
Thus, the expression which is equivalent to is
Hence, Option a is the correct answer.
The total amount is $ 1015.82 and interest amount is $ 165.82
<em><u>Solution:</u></em>
<em><u>The formula for amount when interest is compounded annually is:</u></em>
Where,
"A" is the total amount
"P" is the principal
"r" is the rate of interest in decimal form
"n" is the number of years
<em><u>From given, $850 at 2% for 9 years, compounded annually</u></em>
P = 850
t = 9 years
<em><u>Substituting the given values we get,</u></em>
Thus total amount is $ 1015.82
Interest amount = Total amount - principal
Interest amount = 1015.82 - 850
Interest amount = 165.82
Thus total amount earned is $ 1015.82 and interest amount is $ 165.82