Question

Please help urgent

Use the formula A = P(1 + rt) to find the indicated quantity. P=$7996; r = 6%; t = 10 months; Find A. OA. $8475.76 OB. $8395.80 OC. $399.80 OD. $6663.33

Answer 1

B)
`\$8395.80`

Explanation:

`A=P(1+rt)\\A=7996(1+0.06\cdot(10)/(12))\\A=7996(1+0.05)\\A=7996(1.05)\\A=\$8395.80`

This is all assuming that r=6% is an annual rate, making t=10/12 years