Question

Find the balance in the account after the given period.

​$2000 principal earning 3​% compounded​ annually, 4 years

The balance after 4 years will be ​$??

Answer 1

2240

Explanation:

I think you find 3% of 2000 which is 60

Then you multiply that by 4 which is 240

Add it to the 2000

and get 2240