Math  /  Word Problems

QuestionBode invests \$250 at 3% simple interest. Find the formula and balance at year 14. Options: A, B, C, D.

Studdy Solution
Calculate the account balance at the beginning of year14.
A(14)=$250+0.0314$250=$355A(14) = \$250 +0.03 \cdot14 \cdot \$250 = \$355So, the correct answer is A. A(n)=250+(n)(0.03250);$355.00A(n)=250+(n)(0.03 \cdot250) ; \$355.00

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