Barry's savings account has a balance of $2874. After 9 years, what will the amount of interest be at 5% compounded annually?

Mathematics

2 answers:

n200080 [17]3 years ago

6 0

A=2,874×(1+0.05)^(9)
A=4,458.52

Interest earned
4458.52-2874=1,584.52

tatyana61 [14]3 years ago

4 0

What you need to do is take $2874 and divide the 5% and then times the 9 by what you get

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