SOLUTION: I'm Sorry in advance, These are one of those 3 part problems, you make take my daily question away, thank you if your able to help me (i answered one i think, the others im having

Question 820051: I'm Sorry in advance, These are one of those 3 part problems, you make take my daily question away, thank you if your able to help me (i answered one i think, the others im having trouble with the formula):
A(t)= a(1+r)^t

26.)suppose you deposit $2000 in a savings account that pays interest at an annual rate of 4%. If no money is added or withdrawn from the account, answer the following questions
a)How much will be in the account after 3 years (i got 2249.728)
b)How much will be in the account after 18 years
c)How many years will it take for the account to contain $2500
d)How many years will it take for the account to contain $3000
This counts as my four questions i guess
Thanks in advance :D
Answer by jerryguo41(197) (Show Source): You can put this solution on YOUR website!
a)For three years; t=3

You would have $2249.73 in your bank account
--------------------------------------------
b)For three years; t=18

You would have $4051.63 in your bank account
--------------------------------------------
c)Account Balance 2500; A(t)=2500

You will have $2500 in the bank within 5 years and 9 months
-----------------------------------------------------------
d)Account Balance 3000; A(t)=3000

You will have $3000 in the bank within 10 years and 5 months

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