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Advanced Financial Algebra
N/A — Exam
Question 22
22
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Multiple Choice
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Question 22 • Advanced Financial Algebra
Zayna deposited $1,500 into a savings account with a 4% interest that compounds annually. She wants to know how much her investment will grow after 10 years. Which formula is correct?
Answer
A
A=1500×(1+101)1×4
B
A=1500×(1+0.041)1×10
C
A=1500×(1+0.11)1×4
D
A=1500×(1+41)1×10
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