Answer:
$1197.21
Explanation:
COMPOUND INTEREST FORMULA:
A = P(1 + r/n)^n(t)
- A = final amount
- P = initial principal balance
- r = interest rate
- n = number of times interest applied per time period
- t = number of time periods elapsed (typically years)
775((1+(19/100))^2.5 = $1197.21