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zvonat [6]
3 years ago
5

Dylan invested $600 in a savings account at 1.6% annual interest rate. he made no deposits or withdrawals on the account for two

years. The interest was compounded annually. find to the nearest cent the balance in the account after two years.
The formula is A=p(1+r)^t
Mathematics
1 answer:
Arada [10]3 years ago
4 0
Ok so formula is <span>A=p(1+r)^t
</span>A=600 (1+.016)squared
A=$619.35

Hope that helped :)

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