Lemme give you a cheap answer, by simply using the "compound interest formula", which is what that is, 2% compounded yearly

thus $\bf \qquad \textit{Compound Interest Earned Amount}
\\\\
A=P\left(1+\frac{r}{n}\right)^{nt}
\qquad 
\begin{cases}
A=\textit{current amount}\to&\boxed{y}\\
P=\textit{original amount deposited}\to &\$23000\\
r=rate\to 2\%\to \frac{2}{100}\to &0.02\\
n=
\begin{array}{llll}
\textit{times it compounds per year}\\
\textit{per year, meaning once}
\end{array}\to &1\\

t=years\to &\boxed{x}
\end{cases}$

plug in those values, and simplify

3 0

3 years ago

Read 2 more answers

Can I have these questions answered,

weeeeeb [17]

1. 37.0952380952 or if rounded 38
2. 49.05 or if rounded 49.1 or 49
3. 2.84375 or if rounded 2.8 or 3

3 0

3 years ago

Select the four relations that represent a function.

Anton [14]

The first, third, fifth and sixth one are all functions.

8 0

2 years ago