Asked by Danielle gallegos
M.13 Compound interest
EHZ
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?
Use the formula = (1 + ), where is the balance (final amount), is the principal (starting amount), is the interest rate expressed as a decimal, and is the time in years.
Answers
Answered by
oobleck
geez - enough already!
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.