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3 years ago

A parent deposits $2000 into their child's bank account. The account earns 4%

Mathematics

1 answer:

qaws [65]3 years ago

5 0

Answer:

A = 2000(1.04)^t

Step-by-step explanation:

Using the compound interest formula;

A = P(1+r)^t

P is the principal = $2000

r is the rate = 4% = 0.04

On substituting

A = 2000(1+0.04)^t

A = 2000(1.04)^t

Hence the required expression is A = 2000(1.04)^t

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Answer:

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Step-by-step explanation:

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2 years ago

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