Answer:
Option D is correct.
Step-by-step explanation
Principal = $9250
rate of interest = 7% or 0.07
time = 5 years or 260 weeks
[ Since there are 52 weeks in a year . for 5 years it will be 5x52=260 weeks]
Applying the formula
Amount after t years =
where P = principal
r = rate % in decimals
n= number of times in a year
t = times ( in years)
plugging the values in the formula
Amount =
=
=
= 9250(1.418733588)
=$13123.29