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Answer:
Yo teachers doing you wrong with this cryptic stuff
Step-by-step explanation:
<u>Answer:</u> $42546.9 will be the earning in 4 years.
<u>Step-by-step explanation:</u>
The equation for compound interest follows:
![A=P(1+\frac{r}{100})^n](https://tex.z-dn.net/?f=A%3DP%281%2B%5Cfrac%7Br%7D%7B100%7D%29%5En)
where,
A = total amount
P = Principle amount
r = rate of interest
n = number of years
We are given:
Earnings earned per month = $3250
Earnings earned per year = ($3250 × 12) = $39000
The values become:
![P=\$39000\\r=2.2\%\\n=4yrs](https://tex.z-dn.net/?f=P%3D%5C%2439000%5C%5Cr%3D2.2%5C%25%5C%5Cn%3D4yrs)
Putting values in above equation, we get:
![A=39000(1+\frac{2.2}{100})^4\\\\A=\$ 42546.9](https://tex.z-dn.net/?f=A%3D39000%281%2B%5Cfrac%7B2.2%7D%7B100%7D%29%5E4%5C%5C%5C%5CA%3D%5C%24%2042546.9)
Hence, $42546.9 will be the earning in 4 years.