Answer:

Explanation:
Compound interest:
The compound interest formula is given by:

Where A(t) is the amount of money after t years, P is the principal(the initial sum of money), r is the interest rate(as a decimal value), n is the number of times that interest is compounded per year and t is the time in years for which the money is invested or borrowed.
$12000 cash
This means that

Compounded at 4% interest annually.
This means that

What equation will calculate the value in x years?



