Answer:
11438.92$
Step-by-step explanation:
An=A1*r^(n-1)
A40=250*1.103^(40-1)
A40=250*45.7556769601
A40=11438.91924
A40=11438.92$
$1030 is your invested interest and the total amount at the end of the day is $1280
using this formula I = PRT/100
you will get the university interest of $1030.
P = $250
R = 10.3
T = 40
