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Anika [276]
2 years ago
13

Dan deposits $2,500 in an account that earns an interest rate of 4% compounded annually. What is the balance in the account at t

he end of 10 years? A) $2,800.45 B) $3,112.85 C) $3,700.61 D) $3,935.58
Mathematics
1 answer:
Yuki888 [10]2 years ago
5 0
A = P*(1 +r)^t
  = 2500*(1.04)^10
  ≈ 3700.61 . . . . . . . . . . . . matches C
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