Question

Mr. Smith invested $2,500 in a saving account that earns 3% compounded annually. He made no additional deposits or withdrawals. Which expression can be used to determine the number of dollars in this account at the end of 4 years?

Answer 1

This is a random question which I forgot how the steps go ...

Answer 2

Anyone?

Answer 3

I believe it's P = 2500(1.03)^4

I might be wrong.

Answer 4

I = (p)(r)(t) P = Initial Deposit R = rate t = time

Answer 5

I is the interest

Answer 6

That I could remember..Thanks.

Answer 7

Sharing is for caring :)

Answer 8

Lol! That phrase exists everywhere..