Math

Heres an Example kind of like you're question. :)

Assume that you deposit $1,000 in a bank account paying 3% annual interest and leave the money there for 6 years. Use the simple interest formula to compute the future value of this account. SOLUTION: We see that P = 1,000, r = 0.03, and t = 6. Therefore, Thus, your bank account will have $1,180 at the end of 6 years. ]

Hopefully, This helps you with you're question . :)

If you don't understand any of this, please tell me ^-^

FV=PV(1+i)^n,

FV=2,000(1.04)^3

FV=2,000 X 1.124864

FV=$2,249.73

Thanks guest :) And thanks Haley I understood that. I have a few more questions tho.

- Jessie

okay!