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Mathematics, 19.01.2021 19:00 ishaanbaruah4474

Suppose a homeowner borrows $2,000 from a lender that charges 4% interest on the unpaid balance at the end of every year, and the homeowner does not make any payments. What expression can we write to show the amount owed after `x` years?

Remember: LaTeX: y=a\cdot b^xy = a β‹… b x

y is the total amount

a is the starting amount

b is the growth factor (you'll need to add 1 whole to the percent)

x is time in years

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