Data:
A (amount) = ?
P (Principal) = $ 4000
r (rate) = 6% → 0.06
t (time) = 2 years
Formula:
[tex]A = P(1+r*t)[/tex]
Solving:
[tex]A = P(1+r*t)[/tex]
[tex]A = 4000(1+0.06*2)[/tex]
[tex]A = 4000(1+0.12)[/tex]
[tex]A = 4000*1.12[/tex]
[tex]\boxed{\boxed{A = \$\:4480}}\end{array}}\qquad\quad\checkmark[/tex]
