2 years ago

Bruno was given $2000 at birth. His parents invested it at a 2% interest rate compounded

Mathematics

1 answer:

inysia [295]2 years ago

8 0

Answer:

Step-by-step explanation:

Step one

given data

principal=$2000

rate = 2%= 0.02

time t= 13 years

Required

the final amount in the account

Step two:

A=P(1+r)^t

A=2000(1+0.02)^13

A=2000(1.02)^13

A=2000*1.294

A=$2588

Bruno will have in the account when he turned 13, $2588

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