68.6k views
4 votes
$1800 at 2% for 10 years

User Isobel
by
4.2k points

2 Answers

5 votes

Answer:

$2194

Explanation:

If this does not help you im sorry! :(

hope this helps u

User Jderda
by
4.0k points
3 votes

Answer:

1836

Formula: P(1+r)^t

Steps- 1800$( 1 + .02)^10

instead of doing 2% we move the decimal two places to the left and get .02

From here you can just add it and get 1836$

I noticed you didn't put the annual interest rate, so I assumed it would be annually.

User Kindagonzo
by
4.3k points