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Baldwin deposited $1,011 in a savings account earning 2% interest, compounded annually. To the nearest cent, how much will he h...Asked by Danielle gallegos
Baldwin deposited $1,011 in a savings account earning 2% interest, compounded annually.
To the nearest cent, how much will he have in 2 years?
To the nearest cent, how much will he have in 2 years?
Answers
Answered by
Danielle gallegos
Baldwin deposited $1,011 in a savings account earning 2% interest, compounded annually.
To the nearest cent, how much will he have in 2 years?
To the nearest cent, how much will he have in 2 years?
Answered by
oobleck
impatient much?
Answered by
Neil
A = P (1 + r / n)^n * t
A = 1,011 (1 + 0.02 / 1)^1 * 2
A =
A = 1,011 (1 + 0.02 / 1)^1 * 2
A =
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