The formula for compound interest is
where A is the amount accumulated from a principal of P dollars left untouched for n years with an annual interest rate r (expressed as a decimal). Use this formula and a calculator to find A to the nearest cent.P = $50, r = 0.09, n = 5
A. $480,819,985.91
B. $76.93
C. $176.93
D. $272.50
Answer: B
Mathematics
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