liannagonzalez2007 liannagonzalez2007

22-04-2021
Mathematics

contestada

jake invested $800 in a savings account at a 2.5% annual interest rate. He made no deposits or withdrawals on the account for 2 years. The interest was compounded annually. Find, to the nearest cent, the balance in the account after 2 years.

Respuesta :

miguelitoabarca miguelitoabarca

22-04-2021

Answer:

$840.5

Step-by-step explanation:

x=800[tex](1.025)^{2}[/tex]

x=840.5

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