The most appropriate choice for square root will be given by-
lies between 3 and 4
What is square root of a number?
Number raised to the power is the square root of the number.
Here
3.464 lies between 3 and 4
lies between 3 and 4
To learn more about square root of a number, refer to the link:
#SPJ9
Step-by-step explanation:
Let's look at what we know. We know that...
P=2000
r=0.04 (Change 4% to a decimal)
t=7 (25 years minus 18 years equals 7)
n=1
Since we are compounding each year, we need to use this equation:
Now just plug the numbers in: (Answer to #1:)
This equals 2631.86
When we round, this equals to $2,632. (Answer to #2).