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Please help! 25 points!!

Suppose you deposit $2,000 in a savings account that pays interest at an annual rate of 4%. If no money is added or withdrawn from the account, answer the following questions.
a. How much will be in the account after 4 years?
b. How much will be in the account after 16 years?
c. How many years will it take for the account to contain $2,500?
d. How many years will it take for the account to contain $3,000?

1 Answer

5 votes

Answer:

a.$2320.00

b.$3280.00

c.7 years

d.13 years

User Kevin Fang
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