Question
$2000 principal earning 3% compunded after 6 years?
how do i solve this? i don't need answers i just don't know what the equation is.
how do i solve this? i don't need answers i just don't know what the equation is.
Answers
Damon
after a year x = x + .03x = 1.03 x
every year multiply by 1.03
2000 (1.03)^6
every year multiply by 1.03
2000 (1.03)^6