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Use the formula for compound interest to find A. A = P (1+r)^n P = $20000,r = 0.13, and n = 2 years At the end of 2 years A is ____

Use the formula for compound interest to find A. A = P (1+r)^n P = $20000,r = 0.13, and n = 2 years At the end of 2 years A is ____
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4 votes
Use the formula for compound interest to find A.

A = P (1+r)^n
P = $20000,r = 0.13, and n = 2 years
At the end of 2 years A is ____

User Arthur Zhang
by
7.9k points

1 Answer

7 votes
easy peasy
A=20,000(1+0.13)^2
A=20,000(1.13)^2
A=20,000(1.2769)
A=25538

A is $25,538
User Monish Kamble
by
9.2k points
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