If $2500 is placed in an account which pays 7% per annum, compounding annually, then the balance in the account after n years is calculated by:Single choice
A
A. $2500 × 0.7n
B
B. $2500 × 7n
C
C. $175n
D
D. $2500 × 1.07n
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If $2500 is placed in an account which pays 7% per annum, compounding annually, then the balance in the account after n years is calculated by:
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