sphere123454546789 sphere123454546789
  • 29-10-2019
  • Mathematics
contestada

$2000 was borrowed for 4 years with an interest rate of 3% compounded annually. What is the total amount owed at the end of the 4 years.

Respuesta :

htg704 htg704
  • 29-10-2019

Answer:

i dont know srry i am stuck also

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cheema02 cheema02
  • 29-10-2019

Answer:

$251.02

 

Explanation:

I  =  P 0 r t

A  =  P 0  +  I  =  P0  +  P 0 r t  =  P 0 ( 1 + r t )

I is the interest

A is the end amount: principal plus interest

P 0  is the principal (starting amount)

r is the interest rate in decimal form

t is time

Answer Link

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