Answer:
Step-by-step explanation:
we know that
The compound interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
substitute in the formula above
Answer:
D. 1,044 is the total amount of money Mrs. Smith collected
Answer:
3602
Step-by-step explanation:
Formula = Population after n years = 2000( 1.04)^n
15 years the population will be 2000(1.04)^15
=3602.
Is there like a picture or something?