What is the balance on a deposit of $1,150 that earns 9% interest compounded annually for 2 years
1 answer:
Step One: Calculate interest.
Step Two: Calculate the amount at the end of the first year.
Step Three: Calculate the amount at the end of the second year. This will be your final answer.
$1357 balance
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Step-by-step explanation:
4 7/8 .4 3/4= 7/2 . 3 =21/2
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