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Nia invests $3100 in an account earning 2% interest, compounded annually. The equation that represents this scenario is: A ( n ) = 3100(1 +
Nia invests $3100 in an account earning 2% interest, compounded annually. The equation that represents this scenario is:
A(n) = 3100(1 + 0.02)n- 1
How much will she have in the account in year 4? Round your answer to the nearest dollar.
A.
$9486
B.
$3356
C.
$3290
D.
$5357
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