A mail truck picks up two boxes of mail from the post office. The total weight of the boxes is 35 pounds. One box is 5 pounds he
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Answer:
Final amount = 25,407.4
Step-by-step explanation:
A = P ( 1 +
A = final amount
P = initial principal balance
r = interest rate
t = number of times interest applied per time period
Here P = 2000
r = 4 %
n = 3 years
A = 2000( 1 + )³
= 2000( )³
= 2000 ×
= 25,407 .4
Final amount = 25,407.4