If an amount "$AAA" today earns interest at a rate of "i"% per year, then the accumulated amount at the end of "n" years will be:

Question

Quizplus · Accepted Answer

The formula for the accumulated amount at the end of "n" years with interest rate "i%" is given by:

Final Amount = Initial Amount × (1 + i%)^n

Substituting the given values in the above equation, we get:

Final Amount = $AAA × (1 + i%)^n

So, the correct choice is (D) $AAA × (1 + i%)^n.

If an Amount "$AAA" Today Earns Interest at a Rate