Question

All you need is in the photo ​please explain step by step

Answer 1

Answer:

120

Step-by-step explanation:

2000 x .02 = 40

40 x 3= 120

Answer 2

Answer:

Hi there

The formula is

A=p (1+r)^t

A future value

P present value

R interest rate

T time

A) A=2,000×(1+0.04)^(3)=2,249.728

B) A=2,000×(1+0.04)^(18)=4,051.63

C) 2500=2000 (1+0.04)^t

Solve for t

T=log(2,500÷2,000)÷log(1+0.04)

T=5.7 years

D) t=log(3,000÷2,000)÷log(1+0.04)

t=10.3 years

Hope it helps

Step-by-step explanation: