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?

Question

anonymous · Answer

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

anonymous · Answer

Anyone?

anonymous · Answer

I believe it's P = 2500(1.03)^4

I might be wrong.

anonymous · Answer

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

anonymous · Answer

I is the interest

anonymous · Answer

That I could remember..Thanks.

anonymous · Answer

Sharing is for caring :)

anonymous · Answer

Lol! That phrase exists everywhere..