To get the future value of this amount, we should use the
formula I = Prt so that we could get the interest and then add it to the
principal amount to get the future value.
I = Prt
Where: P stands for principal, r for the rate and t for
time.
Plugging in the values in the given:
I = (750) (0.025) (1)
Interest = 18.75
Future value = Principal + Interest
= 750 + 18.75
= 768.75
The answer is letter a.
