Find the final amount of money in an account if $2,600 is deposited at
5% interest compounded annually and the money is left for 9 years.
The final amount is $ Incorrect. Round answer to 2 decimal places
What’s the answerrr?
2 answers
see your earlier post, and use the formula I gave you there.
Use your primary formula, this is the simplest kind of question for this topic.
amount = 2600(1.05)^9
= ...
amount = 2600(1.05)^9
= ...