16 Ashley was given $4000 when she turned 2 years old. Her parents
invested it at a 3% interest rate compounded annually. No deposits or
withdrawals were made. Which expression can be used to determine
how much money Ashley had in the account when she turned 18?
(1) 4000(1 -.03)
(2) 4000(1 +.03)
(3) 4000(1 +.03)
(4) 4000(1 -.03)
16
18
18