Asked by Newscapepro

John invest $2,975 at 4% interest compound annually. What will be the balance in the account after?

a) 3,272.50
b)3,281.48
c) 5,493.86*********
d) 7,735.00


if i am wrong please explain why i am and what i should do, step wise thanks so much and hopfully this helps
Answered by bobpursley
Balance=2975(1.04)^t

after t is what?

Put this into your google search engine, with whatever t is supposed to be.
2975(1.04)^t=
Answered by Newscapepro
>???no one can help me
Answered by Ms. Sue
Did you follow bobpursley's directions?
Answered by Newscapepro
i did but it didn't work
Answered by Ms. Sue
It didn't work because you didn't define the time period.

AFTER WHAT?
Answered by me!
its b. btw
Answered by *Insert good name here*
@me! It's b. right?
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