Mathematics, 03.06.2020 13:23 isabella4141
Please help!
Eric has $4,610 in a savings account that earns 4% interest, compounded annually.
To the nearest cent, how much will he have in 2 years?
Use the formula B = p(1 + r)t, where B is the balance (final amount), p is the principal (starting amount), r is the interest rate expressed as a decimal, and t is the time in years.
$ ___
Answers: 3
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Eric has $4,610 in a savings account that earns 4% interest, compounded annually.
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