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Principal- $10,000 Rate- 2% Compounded- annually Time- 4 years A. Find how much money there will be in the account after the given number of years. B. Find the interest eamed (R…

Principal- $10,000 Rate- 2% Compounded- annually Time- 4 years A. Find how much money there will be in the account after the given number of years. B. Find the interest eamed (R…
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1 vote
Principal- $10,000

Rate- 2%

Compounded- annually

Time- 4 years

A. Find how much money there will be in the account after the given number of years.
B. Find the interest eamed

(Round to the nearest hundredth as needed.)

asked
User Ales Potocnik
by
7.7k points

1 Answer

0 votes

Answer:

Intrest= PTR ÷100=10000×2×4=80000÷100=800

=800+10000=108000

answered
User Byron Sommardahl
by
8.2k points
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