SOLUTION: How to find the interest, I and the total amount, A, for $3250 invested for 5 years at 2% APR, Compounded annually.
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Question 755692: How to find the interest, I and the total amount, A, for $3250 invested for 5 years at 2% APR, Compounded annually.
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!
^{nt})
Where 
represents the present value, $3250 in your case, 
represents the annual percentage rate, 2% in your case, but expressed as a decimal, 
is the number of compounding periods per annum, 1 in your case, and 
is the duration of the investment in years.
Plug in the numbers and get out the calculator.
Total interest is 
John
Egw to Beta kai to Sigma
My calculator said it, I believe it, that settles it
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