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
Explanation
Correct Option
bVideo Explanation
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