Maria invests $8,000 in a bank account, which pays 9% annual interest, compounded yearly. What will be Maria's account balance a

Question

3 years ago

10

t the end of the second year?

2 answers:

rewona [7] · Answer 1 · 2022-06-09T10:54:39+03:00

rewona [7]3 years ago

4 0

Answer:$9504.80

Step-by-step explanation:

Every year, we have an increase of 9% interest. After two years, we will have 8000 * 1.09 ^2 = $9504.80

Mice21 [21] · Answer 2 · 2022-06-09T12:11:10+03:00

3 0

Answer:

Her bank account will be at $9,440 and the end of the second year

Step-by-step explanation: