Maria invests $8,000 in a bank account, which pays 9% annual interest, compounded yearly. What will be Maria's account balance a
t the end of the second year?
2 answers:
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
Answer:
Her bank account will be at $9,440 and the end of the second year
Step-by-step explanation:
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