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You invest $1,500 today in a bank that gives you a 5 percent annual interest rate, which of these items can you buy in two years?

You invest $1,500 today in a bank that gives you a 5 percent annual interest rate, which of these items can you buy in two years?
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you invest $1,500 today in a bank that gives you a 5 percent annual interest rate, which of these items can you buy in two years?

asked
User Jayr
by
8.4k points

2 Answers

3 votes

Answer:1650

Explanation:

answered
User Sly Gryphon
by
7.6k points
2 votes
1500 (1+5%)^2 = $1653.75
answered
User Riyas TK
by
8.2k points
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