Ask a New Question

Question

Quinn deposited $80 in a savings account earning 5% interest, compounded annually.

To the nearest cent, how much interest will he earn in 2 years?
5 years ago

Answers

R_scott
[80 (1 + .05)^2] - 80
5 years ago

Related Questions

Bill deposited $520 in a savings account that pays pays 6% simply interest per year. How much will h... Jill deposited $650 in a savings account with two percent simple interest. If she keeps it in the ac... Sue deposited $3000 in a savings account earning 2% interest over 8 years, what was the total intere... Owen deposited $900 in a savings account with simple interest. Two years later, he had earned $144 i... John deposited $500 in a savings account at an annual interest rate of 5%. If John does not depos... John deposited $500 in a savings account at an annual interest rate of 5%. If John does not deposit... Clay deposited $500 in a savings account which pays 8.2% interest, compounded quarterly. What w... Quinn is a 2D artist but is applying for a job on a 3D video game team. What type of work would Quin... Clay deposited $500 in a savings account which pays 8.2% interest, compounded quarterly. What w... nicknames for Quinn
Ask a New Question
Archives Contact Us Privacy Policy Terms of Use