Question

I need someone to show me the steps to get the answer for this question please. *ALL STEPS SEPARATED IN THE SAME COMMENT POST PLEASE*

Answer 1

@rishavraj

Answer 2

Basically how I would answer this is it is asking for how much would be in there after 3 years.
Take 4% of the 4,000 for year one which would be 160$.
You add that 160 to the 4,000 and it would make it 4,160.
Then for year 2, you take 4% of the 4,160 which would be 166$
Add that to the 4,160 which would make it 4.326$.
Then for the final year you would just take 4% of the 4,326$ which would be 173$ and add that to the 4,326 to get 4,499$ total. :)

Answer 3

There is an equation that you could use and it's on the top of my head. When I figure it out I'll make sure to post it. It will simplify the steps a lot, but it's basically doing the same thing.

Answer 4

Thank you itrout :)❤

Answer 5

Anytime! Care to medal? :)

Answer 6

Not at all😘

Answer 7

Isn't that what you just asked me to do here:

http://openstudy.com/study#/updates/56bd4f3de4b004c3c38eeaec

Answer 8

I wanted more than one opinion