document.write( "Question 1020371: suppose on the day you were born your parents deposited $2000 into a savings account earning 2.3% interest annually. How much will be in the account on your 18th birthday? \n" ); document.write( "
Algebra.Com's Answer #636261 by robertb(5830)\"\" \"About 
You can put this solution on YOUR website!
Use the compound balance formula \"A+=+P%2A%281%2Br%2Fn%29%5E%28nt%29\"\r
\n" ); document.write( "\n" ); document.write( "==> \"A+=+2000%281%2B+0.023%2F1%29%5E%281%2A18%29+=+2000%2A1.023%5E18\"= $3,011.56
\n" ); document.write( "
\n" );