How much did Maria have in the account after 5 years???

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asked Jul 17, 2019 386 views

1 vote

How much did Maria have in the account after 5 years???

Mathematics
high-school

Dangiras Rackauskas asked

by Dangiras Rackauskas

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1 Answer

5 votes

So in this case P = 2000, i = 0.045, and t = 5.
Just substitute, those numbers into the equation, getting you 2000(1+0.045)^5
This then becomes 2000(1.045)^5
Which gets you about 2492.36, or B.

Technomalogical answered Jul 21, 2019

by Technomalogical

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