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29-10-2019
Mathematics

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$2000 was borrowed for 4 years with an interest rate of 3% compounded annually. What is the total amount owed at the end of the 4 years.

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29-10-2019

Answer:

i dont know srry i am stuck also

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cheema02 cheema02

29-10-2019

Answer:

$251.02

Explanation:

I = P 0 r t

A = P 0 + I = P0 + P 0 r t = P 0 ( 1 + r t )

I is the interest

A is the end amount: principal plus interest

P 0 is the principal (starting amount)

r is the interest rate in decimal form

t is time

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