Answer:
$7,764.50 (Answer D)
Step-by-step explanation:
Let's put the given formula to use. Here P = $2,500, r = 12% and t = 10 years.
Then the compound amount after 10 years will be:
A = $2,500(1 + 0.12)^10, or A = $2,500(3.1058) = $7,764.50 (Answer D)
