58.7k views
5 votes
The equation A=p(1+r)^t can be used to calculate compound interest on a savings account. A = future balance, p = current balance, r = rate of interest, and t = time in years. If you deposit $2,000 at 10% each year, how much money will be in your account in 10 years(Round to the nearest dollar.)

A.

$2,200

B.

$4,000

C.

$4,318

D.

$5,187

User Zhuziyi
by
7.5k points

1 Answer

2 votes
I think the answer is B
User Adi
by
8.3k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories