Answer:
V = 130.08
Step-by-step explanation:
To solve we will use the equation V= [tex]Pe^r^t[/tex]
V= what you are solving for
P= initial number ( 123)
R= rate (2.8%)
-we can convert the rate to a decimal by moving the decimal place 2 spaces to the left.
R= 0.028
T= time (2 years)
The equation should be... [tex]V=123e^(^0^.^0^2^8^*^2^)[/tex]
To solve we can first multiply 0.028 and 2
This is = 0.056
[tex]V=123e^0^.^0^5^6[/tex]
Then using a calculator we get...
V = 130.0845
