You invest $2,000 in an account that is compounded annually at an interest rate of 5%. You never withdraw money from the account. How much money will be in the account after 4 years?
A=2000e(1.05)^t because Pe(r)^t P=initial amount e=e r=rate in decimal form +1 t= amount of time I think you have to use the formula of compound interest
A = 20000(1 + 5/12)^4
