angelinashubina angelinashubina

02-12-2019
Mathematics

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altavistard altavistard

02-12-2019

Answer:

$7,764.50 (Answer D)

Step-by-step explanation:

Let's put the given formula to use. Here P = $2,500, r = 12% and t = 10 years.

Then the compound amount after 10 years will be:

A = $2,500(1 + 0.12)^10, or A = $2,500(3.1058) = $7,764.50 (Answer D)

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