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2 years ago

6

PLEASE HELP ME!John invests $2,975 at 4% interest compounded annually. What will be the balance in the account after 2.5 years?

(1 point)
$3,272.50
$3,281.48
$5,493.86
$7,735.00

2 answers:

ch4aika [34]2 years ago

8 0

2975(1+0.04)^2.5=???? Hope it helps :-)

Citrus2011 [14]2 years ago

7 0

2975✖️.04= 119
119✖️2.5=297.5
2975+297.5=3,272.50

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