Register

Find the balance on a deposit of $1,150 that earns 9% interest compounded annually for 2 years.

Find the balance on a deposit of $1,150 that earns 9% interest compounded annually for 2 years.
asked 198k views
4 votes
Find the balance on a deposit of $1,150 that earns 9% interest compounded annually for 2 years.

asked
User Dr Glass
by
7.6k points

1 Answer

0 votes
I don't have a calculator on me but the sum is 1150 x 1.09(2)

By (2) I mean 1.09 squared or to the power of two.
answered
User Triskweline
by
7.5k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!