Adeposit of $5,000 is made into a savings account which earns 3 3 4 % interest compounded annually. if no additional deposits or withdrawals are made, which amount is the total balance at the end of 10 years? a) $6,719.58 b) $6,875.00 c) $7,225.22 d) $7,401.22

I believe this is compound interest so we would use the formula:

FV = PV × (1 + r)n

So it would be A = p (1 = r) ^t

Input the numbers:

A = p (1 + 3 3/4%) ^10 = 7225.22

C)$7,225.22

Step-by-step explanation:

FV = PV × (1 + r)n

FV = 5000 × (1.0375)10 = 7,225.22

where:

FV = Future Value

PV = Present Value

r = annual interest rate

n = number of periods

step-by-step explanation:

ok so im not 100% sure but you would start by adding 5.1t and 1.9t beacuse they have the same variable. that is 7t.   then add -3.6 + 1.2 which is -2.4

so then keep that as -2.4 + 7t. i apologize if this is incorrect. best luck on your test < 3