Question

So like I need help plz

Answer 1

The equation for interest is X= initial value(1+ the interest)^the time. So, you would start off with 900 because it is your initial value. Then, you would convert your percentage to a decimal, so that would be .004, and your time period would be twenty years. Therefore, the equation would be X=900(1+.004)^20 and then you solve from there. Make sure you round your answer correctly. If it doesn’t specify how to round it, then round it to the nearest cent. Hope that helped!

Answer 2

The is answer is I = $720 hope this helps