Answer:
2492.36
Step-by-step explanation:
[tex]A(t)=P(1+i)^t[/tex]
P is the initial amount invested
i is the rate of interest
t is the number of years
maria invested 2000 in an account that earns 4.5% interest, compounded annually.
Initial amount P is 2000
interest 'i' is 4.5% = [tex]\frac{4.5}{100}= 0.045[/tex]
t= 5 years
[tex]A(t)=P(1+i)^t[/tex]
Plug in all the values
[tex]A(5)=2000(1+0.045)^5=2492.36[/tex]
