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Varvara68 [4.7K]

4 years ago

14

you deposit $3350 into a savings account that earns 5% interest compounded annually. Find the balance of the account after 2 yea

rs

1 answer:

SpyIntel [72]4 years ago

4 0

Answer:

$3702.32

Step-by-step explanation:

We use the formula B=Pe^(rt)

B=3350e^(0.05*2)

B=3350e^0.1

B=3702.32

So about $3702.32

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