Sophia puts $250 in the bank with a 2.5% annual interest rate compounded monthly. if sophia does not touch his money, how much money will she have after four years? a) $260.00 b)$275.00 c)$275.95 d)$276.26 i will mark you the brainliest

$276.26

Step-by-step explanation:

We have been given the principal amount as 250 dollars and rate of interest as 2.5%. Furthermore, we are given that interest is compounded monthly and we are required to find the future value after 4 years.

Therefore, we will use compound interest formula:

Where, we have

Thus, upon substituting these values in the formula, we get:

Therefore, she will have $276.26 in her account after 4 years.

boxplot

e^-kt = n/n0 = 0.79  

-kt = ln 0.79  

t = - ln 0.79/0.0001  

= 2357 years

step-by-step explanation: