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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
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1 Answer

2 votes
I think the answer is B
User Adi
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