7432991 7432991
  • 03-05-2018
  • Mathematics
contestada

You deposit $3000 in an account that pays 5% annual interest. What is the balance after 2 years?

Respuesta :

theweeknd14
theweeknd14 theweeknd14
  • 03-05-2018
5 / 100 = .05
3000(1.05)^2

The answer is $3307.50

Hope this helps :)
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