I believe the answer is $4.06
let me know if i’m wrong though
N is equal to 2 in the equasion
The answer is 2. This is because 2 = 4% of 50.
You can think of it like this:
4 is 4% of 100.
50 is half of 100.
Therefore, 4% of 50 is HALF of 4% of 100.
4 divided by 2 = 2
20x(5/100)=1
That is the interest after one year
Add to the principal:20+1=21
