Question

Krystal was given $3000 when she turned 2 years old. Her parents invested it at a 2% interest rate compounded annually. No deposits or withdrawals were made. Which expression can be be used to determine how much money Krystal had in the account when she turned 18?

Answer 1

1 because you subtract 2 from 18 to find the "power" and then since it is 2% divide by 100 for .02 and since there is interest it is 1+.03