Question

For an account that earns interest compounded annually, find the balance of the account. Round your answer to the nearest cent.( you can just give me an equation I can use for all of them) :) NEED BY TOMORROW PLZ HELP

1. P = $35, r = 2.5%, t = 10 yrs
2. P = $100, r = 7.5%, t = 4 yrs
3. P = $2000, r = 5.4%, t = 7 yrs
4. P = $20, r = 8.2%, t = 8 yrs

Answer 1

You can simply use S.I=PRT/100 as P stands for principal,R stands for rate and T stands for time.Hope dis helps