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xenn [34]
2 years ago
11

I have sent a picture

Mathematics
1 answer:
NikAS [45]2 years ago
5 0

Answer:

I'm just getting points

Step-by-step explanation:

just points

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katen-ka-za [31]

Answer:

B. $5039.58

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compound interest formula: amount = p(1 + \frac{r}{n})^{nt}

p= principal ($2,300)

r= interest rate as a decimal (4% = 0.04)

n= number of times the principal is compounded per year (annually = onceper year so 1 time per year)

t= time in years (20 years)

new equation: amount = 2300(1+\frac{0.04}{1} )^{1*20}

That equation equals $2,739.58 which you add to the principal.

$2,739.58 + $2,300 = $5039.58

hope this helps :)

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