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2000$ are in deposit in a savings account for 5 years and earns a 2% annual interest compounded daily. What will the compound amount in the account at the end of the 5 Years?

2000$ are in deposit in a savings account for 5 years and earns a 2% annual interest compounded daily. What will the compound amount in the account at the end of the 5 Years?
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2000$ are in deposit in a savings account for 5 years and earns a 2% annual interest compounded daily. What will the compound amount in the account at the end of the 5 Years?

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User Spasm
by
8.3k points

1 Answer

10 votes

Answer:

The answer should be 200 if not im sorry. :)

Explanation:

2000 x 2% x 5 =200

answered
User Sahir
by
7.9k points
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