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Michael deposits $2650 into an account. The interest rate on the account is 6% compounded annually. What is the balance in Michael's account after 2 years? After 3 years?

Michael deposits $2650 into an account. The interest rate on the account is 6% compounded annually. What is the balance in Michael's account after 2 years? After 3 years?
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Michael deposits $2650 into an account. The interest rate on the account is 6% compounded annually. What is the balance in Michael's account after 2 years? After 3 years?

asked
User Noamyg
by
8.5k points

2 Answers

9 votes

Answer:im late but 1 year would be 2809

Explanation:

answered
User MSpreij
by
8.4k points
3 votes

Answer:

1 year would be 2809

Explanation:

answered
User Byron Gavras
by
8.0k points
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