A principal of $2000 is invested at 5% interest.Find the amount after 10 years if the interest is compounded annually.
A)$3261.79
B)$3258.79
C)$3259.79
D)$3257.79
E)$3260.79

Question

A principal of $2000 is invested at 5% interest.Find the amount after 10 years if the interest is compounded annually. ​
A)$3261.79
B)$3258.79
C)$3259.79
D)$3257.79
E)$3260.79

Quizplus · Accepted Answer

The Answer of A principal of $2000 is invested at 5% interest.Find the amount after 10 years if the interest is compounded annually. ​
A)$3261.79
B)$3258.79
C)$3259.79
D)$3257.79
E)$3260.79

A Principal of $2000 Is Invested at 5% Interest