<span>30 UK£ is the answer
</span>
Answer:
The answer is the third equation. A = 250*(1 +0.016)^(0.75)
Step-by-step explanation:
Since Javier deposited $250 into an account with annual interest rate, then as the years passes his account will grow in the manner shown below:
account(0) = 250
account(1) = account(0)*(1 + 1.6/100) = account(0)*(1 + 0.016) = account(0)*1.016
account(2) = account(1)*1.016 = account(0)*1.016*1.016 = account(0)*(1.016)²
account(3) = account(2)*1.016 = account(0)*(1.016)²*1.016 = account(0)*(1.016)³
account(n) = account(0)*(1.016)^n
Where n is the number of years, account(0) is the initial amount. In this case only 9 months have passed, so we need to convert this value to years, dividing it by 12, which is 9/12 = 0.75. The initial amount was 250, so the equation is:
A = 250*(1.016)^(0.75)
The answer is the third equation.
