Question

Nolan deposited $2300 into a savings account for which interest is compound weekly at a rate of 2.12%.

Answer 1

Answer:

The answers is 367.87

Step-by-step explanation:

Answer 2

p(1+r/n)^(r times n)

P is your start amount

R is rate as a decimal 5% would be 0.05

t is time (years)

n is the number of time compounded , weekly would be 52 times a year.    

2300(1 + (0.0212/52))^(52 times 7)

2300(1.0004076)^(364)