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Find the missing value. I = ?, P = $250.00, r = 4%, t = 2 years Select one: $270 $3,125 $20 $2,000 PLEASE HELP ME

Find the missing value. I = ?, P = $250.00, r = 4%, t = 2 years Select one: $270 $3,125 $20 $2,000 PLEASE HELP ME
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Find the missing value.

I = ?, P = $250.00, r = 4%, t = 2 years
Select one:
$270
$3,125
$20
$2,000
PLEASE HELP ME

asked
User Aldeb
by
7.6k points

1 Answer

6 votes

Answer:

$3125

Explanation:


A = P(1 + (r)/(100) )^(n)

A = 250(1 + 0.25)ⁿ

A = (312.5)ⁿ

n = 10

A = $3125

A = I

answered
User Prl
by
9.1k points
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