dontraestewart3 dontraestewart3

05-11-2018
Mathematics

contestada

After 4 years, what is the total amount of a compound interest investment of $20,000 at 2% interest, compounded monthly?

A) $25,409.78

B) $21,648.64

C) $23,514.81

D) $21,664.30

Respuesta :

sheri72374 sheri72374

05-11-2018

A=P(1+r/n)n×t

A=20.000(1+0.02/1)1×4 A=20.000×1.024 A=20.000×1.082432 A=21.648.64 The answer is B

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