Answer:
Step-by-step explanation:
Okay so we were given a formula to figure this out.
A=p(1+r)^t
A= future balance- is unknown
p=Current balance-2,000
R=rate of interest-20%
T=time in years-10 years
so we need to plug em in
A=2,000(1+20%)^10
so now we need to do PEMDAS(Order of operations)
so we need to do whats in the parenthesis first.
20%+1=2.1
now we need to do exponent
a=2,000+2.1^10
2.1^10=1667.98
A=2,000+1667.98
A=3,667.98
now we need to round to the nearest dollar
B=4,000
is your answer
