Question

Nia invests $3100 in an account earning 2% interest, compounded annually.

The equation that represents this scenario is:
A(n) = 3100(1 + 0.02) - 1
How much will she have in the account in year 4? Round your answer to the
nearest dollar

Answer 1

A=3355.54 dollars

rounded to the nearest dollar is : 3356

Explanation:

A(n) = 3100(1 + 0.02)^4

A=3355.54 dollars

(note: i do not think there is -1 at the end of the equation if so your answer will be 3354.54 rounded to the nearest dollar is 3355)