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Jenny invests $2,000 at an interest rate of 5%. The amount of money, ma, in Jenny's account after t years can be
represented using the equation m,- 2000(1.05)'. If Jenny would have invested the same amount of money at the same
interest rate four years ago, the equation representing the amount of money, mp, in her account would be represented
using the equation Mp=2000(1.05)+4. Which of the following is equivalent to my?
t4
Omb
2000(1.05)
1.05
Оть
2000(1.05)
1.054
mp=2000(1.05)'(1.05)
o mp=2000(1.05)*+(1.05)4

Jenny Invests 2000 At An Interest Rate Of 5 The Amount Of Money Ma In Jennys Account After T Years Can Be Represented Using The Equation M 2000105 If Jenny Woul class=

Sagot :

Samuelonum1idn

After t years, the expression that can be used to represent the money in Jenny account is  Mp=2000(1.05)^t+(1.05)^4

Compound interest Computation

Given Data

  • Principal  P = $2000
  • Rate r = 5%
  • Time t = 4 years

A = P + I where

P (principal) = $2,000.00

I (interest) = $431.01

Calculation Steps:

First, convert R as a percent to r as a decimal

r = R/100

r = 5/100

r = 0.05 rate per year,

Then solve the equation for A

A = P(1 + r/n)^nt

A = 2,000.00(1 + 0.05/1)(1)(4)

A = 2,000.00(1 + 0.05)(4)

A = $2,431.01

Summary:

The total amount accrued, principal plus interest, with compound interest on a principal of $2,000.00 at a rate of 5% per year compounded 1 times per year over 4 years is $2,431.01.

Learn more about compound interest here:

https://brainly.com/question/24924853

MimlovesCowsidn

Answer:

The answer to this question is A

Step-by-step explanation:

Since no one else has correctly answered this question.

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