AIR MATH

Math Question

Amanda put \( \$ 1500 \) in a savings account. After 5 years, she had \( \$ 1833 \) in the account. What rate of interest did she earn? Use the formula \( A=P e^{r t} \), where \( A \) is the ending amount, \( P \) is the principal (initial amount), \( r \) is the interest rate, and \( t \) is time. A. \( 20 \% \) B. \( 5 \% \) C. \( 3 \% \) D. \( 4 \% \)

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