A = $ 6,103.97
A = P + I where
P (principal) = $ 5,000.00
I (interest) = $ 1,103.97
Step-by-step explanation:
First, convert R percent to r a decimal
r = R/100
r = 2%/100
r = 0.02 per year,
Then, solve our equation for A
A = P(1 + r/n)nt
A = 5,000.00(1 + 0.005/4)(4)(10)
A = $ 6,103.97
