Respuesta :

mhanifa

Answer:

  • B. $3281.48

Step-by-step explanation:

Use compound interest formula

  • A = P(1 + r)^(nt), where A- future amount, P - invested amount, r- interest rate, t- time, n- number of compounds per year

Given:

  • P = $2975
  • r = 4% = 0.04
  • t = 2.5 years
  • n = 1

Substitute the values and calculate:

  • A = 2975(1 + 0.04)^2.5 = 3281.48

Correct choice is B