Jack and Jill each opened accounts that earn 5% interest compounded annually. Jack deposited $2500 and Jill deposited $3000. No
1 answer:
You might be interested in
Step One: Calculate interest.
Step Two: Calculate the amount at the end of the first year.
Step Three: Calculate the amount at the end of the second year. This will be your final answer.
$1357 balance
Step Two: Calculate the amount at the end of the first year.
Step Three: Calculate the amount at the end of the second year. This will be your final answer.
$1357 balance