The equation a=p(1+r)^t can be used to calculate compound interest on a savings account. a = future balance, p = current balance, r = rate of interest, and t = time in years. if you deposit $2,000 at 10% each year, how much money will be in your account in 10 years(round to the nearest dollar.)
a.
$2,200
b.
$4,000
c.
$4,318
d.
$5,187