Answer
$2697.20
Work Step by Step
The formula is:A=P(1+$\frac{r}{n}$$)^{nt}$
P=2000 which is the start amount
R=0.025 which is the rate(2.5%) in decimal
N=4 because it is the number of times compounded per year.
T=12 which is the time.
Substitute:
A=2000(1+$\frac{0.025}{4}$$)^{4(12)}$
A=2000(1.35)
A=2697.20
There would be about $2697.20 after 10 years.
