Mathematics, 07.03.2021 08:30 queenkick17

Angie opened a savings account and deposited $1,000.00 as principal. The account earns 2% interest, compounded annually. What is the balance after 8 years? Use the formula A=P1+
r
n
nt, where A is the balance (final amount), P is the principal (starting amount), r is the interest rate expressed as a decimal, n is the number of times per year that the interest is compounded, and t is the time in years.

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Angie opened a savings account and deposited $1,000.00 as principal. The account earns 2% interest,...