find the amount of money in a bank account given the following conditions. Initial deposit= $2000, annua rate= 5.5%, time= 4 years?
Pt = Po + r*t*Po,
Pt = 2000 + 0.055*4*2000,
Pt = 2000 + 440 = 2440.
Pt = 2000 + 0.055*4*2000,
Pt = 2000 + 440 = 2440.