BREBRE10311 BREBRE10311

30-06-2020
Mathematics

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dakota received a bonus check for $2,500 and is going to deposit the money into a bank account that receives 5.5% compounded annually. What is dakotas account balance after five years?

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gilbertazavedo72 gilbertazavedo72

30-06-2020

Answer: $3267.40

Step-by-step explanation:

A = P (1+r/n)^nt

A= 2500 (1+0.055)^nt

A= 2500 x 1.30696

A = 3267.40

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