$23,600 at 2% compounded
annually for 4 years

$25639.04

plz mark me as brainliest took long time to type

Step-by-step explanation:

i am doing the method in which u find the simple interest of first year then second year

SI FOR 1ST YEAR= P X R X T / 100

SI = 23600 X 2 X 4 /  100

SI = 1888

SI FOR SECOND YEAR =

P = 23600 + 1888= 25488

SI = 25488 X 2 X 4 / 100

SI= 2039.04

COMPOUND INTEREST (CI) = PRINCIPLE + SI OF 2ND YEAR

CI =$25639.04

or u can solve be the method

CI = amount - principle

Amount= principle x (change in ratio) raised to time

true

Step-by-step explanation:

looked up the definition