asked 54.4k views
2 votes
Little Miss Buffet takes all the money from her piggy bank and puts it into a savings account at her local bank. The bank promises an annual interest rate of 2.5% on the balance, compounded semiannually. How much will she have after one year if her initial deposit was $200?

1 Answer

3 votes
$205.03 is the answer to the Little Miss Buffet piggy bank savings
answered
User Dijalma Silva
by
8.1k points
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