Answer:
After 5 year total amount will be $301.1
So option (c) is correct option
Explanation:
We have given So principle amount P = $1500
Rate of interest r = 6 %
Time n = 5 years
We know that when total amount is given by [tex]A=P(1+\frac{3.5}{100})^n[/tex] , here r is rate of interest and n is time period
So amount after 5 years will be
[tex]A=225(1+\frac{6}{100})^5=$301.1[/tex]
So after 5 year total amount will be $301.1
So option (c) is correct option
