The expression can be used to find the total amount in a bank account when the principal dollar amount, p(1+r), is compounded annually for n years at an interest rate of r. which of the following statements is true? the quantity(1+r) is multiplied by p. the quantity is (n+n. r) multiplied by p. the quantity is (1+r) multiplied by itself n times. the quantity is p(1+r) multiplied by itself n times.

Option C is correct.

Step-by-step explanation:

We are given: Principal dollar amount = P

                        Interest rate = r

                        Compounded annually for n years.

To find: Correct statement.

Since, In bank account Compund interest formula is used to calculate amount.

Compound interest formula is given by

According to this formula, the Quantity is (1+r) multiplies by itself 2 times then P is multiplied to it.

Therefore, Option C is correct.

me! what did you put for this question?

step-by-step explanation:

answer: its the third option.

step-by-step explanation:

i just took the test.