Mathematics, 12.12.2020 15:50 victoria1831
At the beginning of year 1, Gracie invests $350 at an annual simple interest rate of 4%. She makes no deposits to or withdrawals from the account. Which explicit formula can be used to find the account's balance at the beginning of year 12? What is the balance?
O A. A(n) = 350 + (n-1)(0.04.350); $504.00
O B. A(n) = (350)(n-1)(0.04); $154.00
O C. A(n) = 350 + (n)(0.04 • 350); $518.00
O D. A(n) = 350 + (n-1)(0.04); $350.44
Answers: 3
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At the beginning of year 1, Gracie invests $350 at an annual simple interest rate of 4%. She makes n...
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