# Math Personal Finance

Assume we invest \$2000 for one year in a savings account that pays an APR (Annual Percentage Rate) of 10% compounded quarterly.

The compound interest formula is: Balance after t periods = Principal × (1 + r)t

The final balance using the compound interest formula is \$______.

1. 👍 0
2. 👎 0
3. 👁 171

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