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?
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?
3 answers
impatient much?
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 =
2 answers