The Amount a in an Account Is Given by the Formula

question 54

Multiple Choice

The amount A in an account is given by the formula A = p + i where p is the principal and i is the interest. How much interest was earned if an original deposit (the principal) of $4,450 has grown to be $4,740?

• A) $300
• B) $290
• C) $275
• D) $295
• E) $270

Understand the functionality and application of formulas and functions in Excel.

Recognize and utilize Excel's charting capabilities to represent data visually.

Identify and apply Excel's view and magnification features for better worksheet management.

Understand the role of logical functions and how to nest them for complex conditions.