How do i calculate a 2% increase per month on a starting number of $54,000.00?

Question

I have worked this and worked this and my end number is too high according to my monthly increase of 2% added to the previous month and recalculated again using the mew number. I am stumped.

Answer 1

how many months?

yu need sientifik kalkulater...it du fansee stuf like that

zampel...(1.02)^10=1.21899442

then multipli bi 54,000$

Answer 2

??????? how many months ????????? 2% is per yeer so first, gotta divide bi 12....0.02/12=0.00166666666666... step 2...get (1.0016666666)^number months... step 3...anser=start-dollers*number from step 2