Question 189004
{{{A=Pe^(rt)}}} Start with the given equation.



{{{A=(2000)e^((0.05)(4))}}} Plug in {{{P=2000}}}, {{{r=0.05}}} and {{{t=4}}}



{{{A=2000e^(0.2)}}} Multiply 0.05 and 4 to get 0.2



{{{A=2000(1.2214)}}} Raise "e" (which is roughly 2.718...) to the 0.2 power to get approximately 1.2214



{{{A=2442.8}}} Multiply (this is also an approximate value)




So the account will have about $2,442.80 in 4 years.