HURRY HELP

Mathematics

1 answer:

Gelneren [198K]2 years ago

7 0

<h3>Answer: Choice (a) $1,653.66</h3>

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Work Shown:

Use the compound interest formula

A = P*(1+r/n)^(n*t)

A = 10000(1+0.039/1)^(1*4)

A = 11,653.65589441

A = 11,653.66

That's the amount of money Tammy will have at the end of 4 years.

Subtract off the principal from this value to get the interest.

interest = A - P

interest = 11,653.66 - 10,000

interest = 1,653.66

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