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Beth has $7,000 in a savings account. the interest rate is 8%, compounded annually. how much will she have in 2 years?

Beth has $7,000 in a savings account. the interest rate is 8%, compounded annually. how much will she have in 2 years?
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Beth has $7,000 in a savings account. the interest rate is 8%, compounded annually. how much will she have in 2 years?

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User Mike Ratcliffe
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8.0k points

1 Answer

6 votes
A=7,000×(1+0.08)^(2)
A=8,164.8
answered
User Pmr
by
8.6k points
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