xolaura xolaura

09-10-2014
Mathematics

Answered

use the compound interest formula to compute the total amount accumulated and the interest earned.
4000$ for 2years at 2.8% compounded annually

Answer :

titaniumX titaniumX

09-10-2014

[tex]Amount = 4000(1.028) ^{2} [/tex]

then solve to get 4227.136

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