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Help me please! The equation A = p (l+r)^t can be used to calculate compound interest on a savings account. A = future balance, p = current balance, r = rate of interest, and t = time in years. If you deposit $2,000 at 10% each year, how much money will be in your account in 10 years? (Round to the nearest dollar.) A. $2,200 B. $4,000 C. $4,318 D. $5,187
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Plug in: 2000 for p 1.1 for r 10 for t
A=2,000(1+0.1)^10
I got D.
Just plug your information into the given formula. p=$2000, r=0.1, t=10
Thank you all for the help, but I really needed the correct answer quick since I'm being timed.
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