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Mars2501 [29]
3 years ago
8

jake invested $800 in a savings account at a 2.5% annual interest rate. He made no deposits or withdrawals on the account for 2

years. The interest was compounded annually. Find, to the nearest cent, the balance in the account after 2 years.
Mathematics
1 answer:
rosijanka [135]3 years ago
7 0

Answer:

$840.5

Step-by-step explanation:

x=800(1.025)^{2}

x=840.5

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