Answer:
Landry will have $5039.58
Step-by-step explanation:
compound interest formula: amount = p(1 + \frac{r}{n})^{nt}
p= principal ($2,300)
r= interest rate as a decimal (4% = 0.04)
n= number of times the principal is compounded per year (annually = once per year so 1 time per year)
t= time in years (20 years)
new equation: amount = 2300(1+\frac{0.04}{1} )^{1*20}
That equation equals $2,739.58 which you add to the principal.
$2,739.58 + $2,300 = $5039.58
hope this helps :) the equations aren't showing up right :(
Out of the four choices, it would be A
Start by finding out the tax percentage which is 3.01 divided by 34.80 which gives us 9% when rounded up. 100*1.09 will give us the answer; The answer is $109. For a precise answer with a precise tax percentage, it would be $108.65.
The answer would be 39.78