2 years ago

After 4 years, what is the total amount of a compound interest investment of $20,000 at 2% interest, compounded monthly?

Mathematics

1 answer:

KonstantinChe [14]2 years ago

3 0

A=P(1+r/n)n×t

A=20.000(1+0.02/1)1×4 A=20.000×1.024 A=20.000×1.082432 A=21.648.64 The answer is B

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