The amount A to which a principal P amounts at r% compound interest for n years is given by the formula A = P(1 + (r ÷ 100)\(^n\). Find A, if P = 126, r = 4 and n = 2.

a

N132.50K

b

N136.30K

c

N125.40K

d

N257.42K

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Correct Option
b

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