Formula: A=P(1+r/n)^nt If 10,000 is invested at 2% monthly for t years, what is the amount at the end of term? Round to the nearest number.

A=10,000(1+.02/12)^4*t

Step-by-step explanation:

First off u need to know how many years to get the answer but for the rest:

P- is principle and is the amount you are starting with, in this case 10,000.

You can either use 1+ or 1- this depends on wheather the amount is increasing or decreasing

Increasing: 1+ ; Decreasing: 1

(The problem already has it for you)

R- is the rate, here you take the percentage and move the decimal twice to the left. In this problem 2% moved to the left is .02.

N- Depends on what the problems says

Quarterly- 4 (cuz it means 4)

Daily- 365 (Number of days in a year)

Weekly- 52 (Number of weeks in a year)

Monthly- 12 (Number of months in a year)

Yearly- 1 ( One year)

Finally you square the number of years by the N.