Question

Please help! (Answer all please)

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 If no money is added or withdrawn from the account, answer the following questions.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 17 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?

Answer 1

Answer: a.=$2,320 b.=$3,360 c.=7 Years d.=13 Years

Step-by-step explanation: Interest Formula I=p*r*t

I-Interest

P-Principle

R-Rate

T-Time