You invest $2,000 in an account that is compounded annually at an interest rate of 5%. You never withdraw money fro the account. Which equation below gives the amount of money you will have in the account after tyears?
Al = 2,000 20.05
Al = 2,000(1.5)
A10 = 2,000(105)
A1 = 2.000 e5

Step-by-step explanation:

The compound interest formula is given by:

Where A(t) is the amount of money after t years, P is the principal(the initial sum of money), r is the interest rate(as a decimal value), n is the number of times that interest is compounded per year and t is the time in years for which the money is invested or borrowed.

You invest $2,000

This means that

Compounded anually

Once a year, so

Interest rate of 5%.

This means that

Amount after t years:

$650 per month plus utilities

step-by-step explanation:

just based on the info you gave, it would seem more cost effective to rent at $650 per month plus utilities.   if utilities are, in fact, $150 per month, your monthly living costs would be $800 as opposed to the other option of $825.