Question

How much interest would $2,000 earn, compounded annually, in two years at the
rate of 4.2%?

Answer 1

Answer:

2174.93879228

Step-by-step explanation:

$A = P(1 + \frac{r}{n})^{nt}$

=2000(1+0.004/12)²⁴

=200(1.0035)²⁴

=2000x1.08746939614

=2174.93879228

hope this helps

please mark as brainlist if this is correct!