Explore a diverse range of topics and get answers from knowledgeable individuals on IDNLearn.com. Ask any question and receive comprehensive, well-informed responses from our dedicated team of experts.
Answer:
$3125
Step-by-step explanation:
Let,
Time = 2 years
R = 5 % = 0.5
Now,
A = 2500(1 + 0.5/2)¹
A = 2500 × (2 + 0.5/2)
A = 2500 × 2.5/2
A = 1250 × 2.5
A = $3125