Flashcard 29 - Math Flashcard Set for the SAT Exam


The correct answer is:

\[F = 300(1.12)^{4}\]


The compound interest or compound growth formula is:

\[F = P(1+r)^{t}\]

where \(F\) is the future amount, \(P\) is the initial amount, \(r\) is the rate of interest/growth, and \(t\) is the time expressed as the number of periods.

From the information given in the problem, we have the following equation:

\[F = 300(1.12)^{4}\]

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