Asked by Agala

John invests $2,975 at 4% interest compounded annually. What will be the balance in the account after 2.5 years?

• $3,272.50****
• $3,281.48
• $5,493.86
• $7,735.00
Answered by Agala
I Change It To D.
Answered by Agala
Am I Right?
Answered by Steve
2975*1.04^2.5 = 3281.48

But, technically, since the interest is not compounded till the end of the year, you might get

2975*1.04^2 = 3217.76

Since that is not listed, I'd go with B

So, how did you get D? That's over double the initial amount. Not likely!
Answered by Fake name
Mine says 3.5 years
Answered by JDog
@Fake Name some people have different test
Answered by PLEASE
Can some one please give me all of the answers
Answered by PLEASE2
SamMEEe i need them please
Answered by Tom Holland
thanks darling
There are no AI answers yet. The ability to request AI answers is coming soon!