danielstecher1313 danielstecher1313
  • 22-06-2019
  • Mathematics
contestada

Austin has $80 in a savings account. The interest rate is 5%, compounded annually. To the nearest cent, how much will he have in 2 years?

Respuesta :

hienh4517 hienh4517
  • 22-06-2019
p= 80( 1+ 0.05/1) ^2(1)
p= 88.2

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