Question

Using Compound Interest, calculate the principle and interest earned (final

balance/principal
and interest) if:
Principle=$2,000
Interest Rate=8.5%
Time=10 years
Interest Calculated Quarterly

Answer 1

Answer: 20,085

Step-by-step explanation: 2,000x10=20,000. 8.5x10=85. 20,000+85=20,085.

I hope I got this right and if I did it right.