Question

Adrianne invested $2000 in an account at a 3.5% interest rate compounded annually. She made no deposits or withdrawals on the account for four years. Determine to the nearest dollar the balance in the account after the four years

Answer 1

Answer:

$2,295$  $dollars$

Step-by-step explanation:

This is our equation that I could find within this question.

$2000(1+.035)^4$

$==> 2000(1.035)^4$

$==> 2000 * 1.1475$

$==> 2,295$