srsicky85 srsicky85

26-10-2020
Mathematics

contestada

How much interest would $2,000 earn, compounded annually, in two years at the
rate of 4.2%?

Respuesta :

zarakabir710 zarakabir710

26-10-2020

Answer:

2174.93879228

Step-by-step explanation:

[tex]A = P(1 + \frac{r}{n})^{nt}[/tex]

=2000(1+0.004/12)²⁴

=200(1.0035)²⁴

=2000x1.08746939614

=2174.93879228

hope this helps

please mark as brainlist if this is correct!

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