Solve the problem.Khang borrows $3750 at a rate of 10% compounded quarterly. Find how much Khang owes at the end of 5 years.Use: A = Pntwhere:A = final amountP = $3750 (the amount borrowed)r = 10% = 0.1 (the annual rate of interest)n = 4 (the number of times interest is compounded each year)t = 5 (the duration of the loan in years)

A. $76,875.00
B. $6759.29
C. $4242.78
D. $6144.81


Answer: D

Mathematics

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