Answer:
A, or 33,439.99
Step-by-step explanation:
First, convert R as a percent to r as a decimal
r = R/100
r = 10/100
r = 0.1 rate per year,
Then solve the equation for A
A = P(1 + r/n)nt
A = 15,600.00(1 + 0.1/1)(1)(8)
A = 15,600.00(1 + 0.1)(8)
A = $33,439.99
