!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!PLEASE HELP ASAP!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!WILL MARK BRAINLIEST IS YOU ANSWER ALL OF THE QUESTIONS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Question 1
$2,000 was borrowed for 4 years with an interest rate of 3% compounded annually. What is the total amount owed at the end of 4 years?
Question 1 options:
$2,251.02
$2,240.00
$251.02
$240.00
Question 2
$485 is deposited into a savings account that earns 3.25% compound interest for 6 years. How much is in the account at the end of 6 years?
Question 2 options:
$587.60
$94.58
$102.60
$579.58
Question 3
Beth will borrow $10,000 which earns 4% compound interest and she will repay that amount in 20 years. How much interest was earned on her loan?
Question 3 options:
$8,000
$21,911.23
$11,911.23
$18,000
Question 4
Compound interest earns interest on both the principal and the interest already earned.
Question 4 options:
True
False
