$53,000 is placed in an investment account that grows at a fixed rate of 2% (compound growth) per year. how much is in the account after four years? round your answer to the nearest whole number.

$57,369

Step-by-step explanation:

We have been given that an amount of $53,000 is placed in an investment account that grows at a fixed rate of 2% (compound growth) per year. We are asked to find the amount in the account after 4 years.

To solve our given problem we will use compound interest formula.\

, where,

A = Final amount after t years,

P = Principal amount,

r = Annual interest rate in decimal form,

n = Number of times interest is compounded per year,

t = Time in years.

Let us convert our given rate in decimal form.

Upon substituting our given values in compound interest formula we will get,

Therefore, an amount of $57,369 will be in the account after 4 years.

i leave the calculator work to you.

7. diameter 4 miles, circumference 4π miles

8. radius 0.2 miles, circumference 0.4π miles

[this is a bad problem because the actual radius of a car on the track is less than 0.2 miles so the answer is less than 0.4π miles]

9. radius 6 feet, circumference 12π feet

10. diameter 14 cm, circumference 14π cm

11. diameter 4.8 feet, circumference 4.8π feet

d. is the correct answer

step-by-step explanation: