Respuesta :
Answer:
Option D is correct.
Step-by-step explanation
Principal = $9250
rate of interest = 7% or 0.07
time = 5 years or 260 weeks
[ Since there are 52 weeks in a year . for 5 years it will be 5x52=260 weeks]
Applying the formula
Amount after t years = [tex]P(1+\frac{r}{n} )^{nt}[/tex]
where P = principal
r = rate % in decimals
n= number of times in a year
t = times ( in years)
plugging the values in the formula
Amount = [tex]9250(1+\frac{0.07}{52} )^{(52X(5)}[/tex]
= [tex]9250(1+0.001346 )^{(260)}[/tex]
= [tex]9250(1.001346 )^{(260)}[/tex]
= 9250(1.418733588)
=$13123.29
