Answer:
A=10,000(1+.02/12)^4*t
Step-by-step explanation:
First off u need to know how many years to get the answer but for the rest:
P- is principle and is the amount you are starting with, in this case 10,000.
You can either use 1+ or 1- this depends on wheather the amount is increasing or decreasing
Increasing: 1+ ; Decreasing: 1
(The problem already has it for you)
R- is the rate, here you take the percentage and move the decimal twice to the left. In this problem 2% moved to the left is .02.
N- Depends on what the problems says
Quarterly- 4 (cuz it means 4)
Daily- 365 (Number of days in a year)
Weekly- 52 (Number of weeks in a year)
Monthly- 12 (Number of months in a year)
Yearly- 1 ( One year)
Finally you square the number of years by the N.
