Can anyone explain me the steps I have to do to get my answer ?
Mathematics
Student226
Question
Can anyone explain me the steps I have to do to get my answer ?
2 Answer

1. User Answers royalranger
3.4% in decimal form is .034 = r
2014  2004 = 10 years = t
A = 45,000(1+.034)^10
A= 62,866 
2. User Answers somesweetangel
multiply 45000 by 3.4% or 0.034 that equals 1530 * 10 = 15300 add it to 45000 =60300
A=45000(1+3.4%)