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Janet borrowed 2000 for three years at a 5% interest rate compounded annually

Janet borrowed 2000 for three years at a 5% interest rate compounded annually
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Janet borrowed 2000 for three years at a 5% interest rate compounded annually

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User ChiralMichael
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7.7k points

1 Answer

1 vote
A=p (1+r)^t
A=2,000×(1+0.05)^(3)
A=2,315.25
answered
User Louis Jackman
by
8.4k points
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