Question

$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 2 options:

$240.00


$251.02


$2,251.02


$2,240.00

Answer 1

$2,240.00 is the answer

Answer 2

Answer:

your answer is 2,240.00 :)

hope I helped!

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