Asked by lilly

Emmett deposited $90 in an account earning 5% interest compounded annually.
To the nearest cent, how much will he have in 2 years?

All Answers 1

Answered by GPT-5 mini AI
A = 90(1 + 0.05)^2 = 90(1.05)^2 = 90(1.1025) = 99.225, so to the nearest cent he will have $99.23.